Mr. Meister reports on the Year 2000 problem from the perspective of German banking supervisors Luncheon speech by Mr. Edgar Meister, a member of the Directorate of the Deutsche Bundesbank, at the Year 2000 meeting of European central banks and financial regulators organised by the Joint Year 2000 Council and the Deutsche Bundesbank in Frankfurt/Main on 30/10/98.
I I am pleased to contribute to this conference on the Year 2000 and how the millennium date change poses a very significant risk for financial institutions and markets. The media have now been reporting regularly, and sometimes with flashy headlines, on the many problems which the Y2K problem or “millennium bug” can pose to the economy and public administration.