Y2K Consultant Addresses ACI Delegates On Year 2000 Readiness

BANKS

NEW YORK--The global FX market still faces a significant challenge in avoiding Y2K disruption, according to Philip Kozloff, an independent consultant and a former member of Citibank's Credit Policy Committee.

While banks in the US, UK and Scandinavia are in reasonable shape to make the necessary adjustments before the date change, Kozloff says that many leading economies are far from ready, most notably Germany and Japan. These countries have "done too little too late" to ensure a trouble-fre