Also on the international front, William McDonough, President of the Federal Reserve Bank of New York, in a keynote address to the annual meeting of the Institute of International Finance in Hong Kong, emphasized the importance of planning for the century date change on an international basis and the significant risk to financial markets posed by the Year
You may be aware of the current effort underway in many organizations to address the risks posed by the Year
Further, many items of machinery and equipment used in the mining industry contain date aware components that potentially could be affected by the Year
The Year 2000 issue may materialize if the computers or systems fail to recognize that the year 1999 is followed by the year
2000, the year 2000 is a leap year (29 days in February), or 99 or 00 does not mean the end of the file.
Ernst & Young plans to implement this program in 110 locations in 30 countries by the year
Pam Fredette, president of HCI, said, "Prudential fully realizes the magnitude of the challenge posed by the Year