TITLE

Euro — Bigger Challenge than Y2K

PUB. DATE
September 2001
SOURCE
Logistics & Transport Focus;Sep2001, Vol. 3 Issue 7, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that in their report released in 2001, the AMR Research company states that Eurozone businesses have not yet fully addressed tactical compliance issues, despite a deadline of January 1, 2002. Businesses that have not implemented transition planning by mid-2001 are unlikely to be able to meet the deadline and could therefore face fines. The research shows how implementation of euro compliance systems is far more complex than putting in place the strategies that dealt with the Y2K phenomenon. Although operational risk profiles are seen to be similar, the strategic impact and overall business exposure of the euro is far greater.
ACCESSION #
11943839

 

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