BCBS 46 A
Year 2000 the supervisory contingency planning process.
This paper presents a series of recommendations to bank supervisory authorities regarding the importance of effectively planning for potential disruptions that may result from failures in computer systems surrounding the millennium date change. The paper does not represent a prediction of the likelihood of occurrence, but rather attempts to provide a range of possible precautions that should be considered in preparing for the Year 2000. It is being distributed as part of a package of papers issued by the Joint Year 2000 Council which represents supervisors across the financial sector.
The paper has been drawn up for the reference of bank supervisors, and it is not directed at contingency planning by banks. This matter is addressed in another document being released by the Joint Council entitled "Year 2000 Business Continuity Planning: Guidance for Financial Institutions".
- Publication Date: January 1999
- Publication Type: Guidelines
- Publication Status: Superseded
- Publication Category: Supervision
- Number of Pages: 15
- Keywords: Operational Risk, Contingency, Y2K, Year 2000
For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations.
The above regulatory document abstract is quoted verbatim in this Open Risk Manual entry and provided free of charge for the convenience of all internet users. There is no explicit or implicit endorsement of this web service by the Bank of International Settlements. The copyright of the included material rests with the original authors (Links to the original texts are duly provided).