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Year 2000 Compliance Effort at the Office of Thrift Supervision

By Williams, David C.

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Book Id: WPLBN0000687415
Format Type: PDF eBook
File Size: 116.78 KB.
Reproduction Date: 2005

Title: Year 2000 Compliance Effort at the Office of Thrift Supervision  
Author: Williams, David C.
Volume:
Language: English
Subject: Government publications, Economics., United States. Department of the Treasury--Appropriations and Expenditures.
Collections: U.S. Department of the Treasury Collection
Historic
Publication Date:
Publisher: United States Department of the Treasury

Citation

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Williams, D. C. (n.d.). Year 2000 Compliance Effort at the Office of Thrift Supervision. Retrieved from http://netlibrary.net/


Description
Government Reference Publication

Excerpt
Excerpt: Overall, we concluded that the OTS established an infrastructure for managing its conversion effort and minimizing the risk that a Year 2000 induced failure would have on its mission critical operations. No significant reportable issues came to our attention. However, the inherent nature of the Year 2000 dilemma denies the ability to completely eliminate risk. The Year 2000 problem comes with inherent risks that all organizations face and will continue to face, despite their best efforts and demonstrated success. Accordingly, we developed three suggestions encouraging OTS, as well as other Treasury bureaus, to sustain efforts in the areas of change management, data exchange, and contingency planning for business continuity to minimize potential disruptions caused by these inherent risks.


 

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