BCBS 58

From Open Risk Manual

Definition

BCBS 58 is a document published by the Basel Committee on Banking Supervision on September 1999 in the Supervision category.

Title

Gathering Year 2000 Information from Financial Institutions: Recommendations for Supervisors.

Abstract

Supervisors will need to be well informed during the rollover period to identify internal and external problems that could disrupt financial institutions and markets and to dispel misinformation. Gathering and disseminating accurate information on the Year 2000 rollover in a timely manner will be a priority for banks and their supervisors. This document recommends an approach for bank supervisors to use in gathering reliable information from their financial institutions in a timely and efficient fashion during the Year 2000 rollover period. The successful implementation of this approach requires that it be properly planned and tested before the Year 2000 event takes place.

Document Profile

  • Publication Date: September 1999
  • Publication Type: Guidelines
  • Publication Status: Superseded
  • Publication Category: Supervision
  • Number of Pages: 7
  • Keywords: Operational Risk

See Also

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