The Global 2000 Co-ordinating Group was established by the world's private financial sector by an informal grouping of banks, securities firms and insurance companies. Its aim was to identify and support coordinated initiatives by the global financial community to meet the Y2K challenge. This was to be accomplished through promoting disclosure of self assessments, increasing country readiness, promoting public disclosure on country readiness, sharing best practice information on testing, mitigating risk, and contingency planning. Ultimately, private financial community participation, funded at participating institutions’ expense, was drawn from 107 countries.
- Y2K: Starting the Century Right!, at 34-35.