Typical COBOL has no unit tests, no version control, and no "dev" environments, while handling millions of dollars. Touching this stuff is scary. So if you are

Typical COBOL has no unit tests, no version control, and no "dev" environments, while handling millions of dollars. Touching this stuff is scary. So if you are (say) IT director in the bank, and you value your career, you should reject all attempt to modernize, as all failures would be blamed on you. Just say something about COBOL being most reliable and ask for more budget for contractors.