The Central Bank had to re-engineer the current system to function as a currency settlement system for
Question:
The Central Bank had to re-engineer the current system to function as a currency settlement system for investment banks and brokerage businesses when the European countries agreed to adopt the euro. Because of its consequences on the European economy, the target system might be called a high-risk system.
Cost and time were other crucial considerations. Furthermore, the German bank determined that the target system had failed, causing the euro's value to plummet two days later. This is because of a minor flaw in the coding. What re-engineering approach do you take for this project if you are the one who is re-engineering the system? and why? What form of maintenance approach will you employ in the case of the aforementioned system failure? and why?
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders