The initial round of examination of US branches and agencies has been completed, and individual foreign banks are being made aware of the results. There are, of course, a number of competing initiatives that further stretch the limited information systems resources available to achieve preparedness.
In Europe and other parts of the world, the introduction of the Euro, and the coordination of systems within the Euro-countries, is requiring extensive planning and programming. In Japan, the “Big Bang” will likely take top management focus from Year 2000 systems issues.