Banks should finalize their year-2000 computer testing plans by June 30 and begin actual testing by Sept. 1, according to new guidance from federal regulators.

The long-awaited supervisory letter from the interagency Federal Financial Institutions Examination Council describes testing as "the most critical phase" of the year-2000 readiness process-and also the most costly.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.