Mario Draghi: ECB press conference - introductory statement Introductory statement by Mr Mario Draghi, President of the European Central Bank, and Mr Luis de Guindos, Vice-President of the European Central Bank, Frankfurt am Main, 25 July 2019. * * * Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference.
Most banks have adopted the end-1998 target for achieving Year 2000 compliance. Along with the Basle Committee, we regard this as highly desirable. A few banks have acknowledged that full compliance will not be achieved until some time in 1999. Some of these have structured their projects so that non-critical systems will be dealt with last.