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Y2K Record Retention Requirements

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Question: 
Can someone advise me on the retention requirements for the Y2K documents/records that we have maintained to support our "due diligence" with the requirements of the regulators?
Answer: 

Everything went smoothly in 2000 and 2001. All dates have passed without IT problems. I see no reason for a law suit at this point and I recently disposed of my records I had on my bookshelf.

Your IT department should keep records longer to document code changes that were made. I would believe they'd retain them until that system is no longer used since some modifications may have been significant.

First published on BankersOnline.com 3/11/02

First published on 03/11/2002

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