18.07.2006 Russian senators give personal data law easy passage
The upper house of the Russian parliament has approved the law “On personal data” that will regulate the gathering and use of the population’s private details...

13.07.2006 The 'Basel II effect' on IT infrastructure at banks
IT infrastructure requirements are not explicitly written down in the Basel II Accord, though meeting the provisions of Basel II in full demands a substantial modernization of a bank’s data systems...

11.07.2006 Russia one step closer to personal data law
The draft bill “On personal data” has been passed by the Russian parliament, the State Duma, at its second reading. A clause relating to the creation of a national register was excluded...

10.07.2006 Another twist in the Enron case
With the recent death of Enron founder Kenneth Lay, experts at InfoWatch doubt that the US government will manage to seize the disgraced executive’s remaining assets...

29.06.2006 Bank of China says not listing in US to avoid Sarbanes-Oxley costs
Bank of China said it has no plans to list its shares on the US markets to avoid incurring 'unnecessary' additional costs related to the Sarbanes-Oxley law...

20.06.2006 SOX compliance costs fell in 2005
The overall cost of complying with the Sarbanes-Oxley Act (SOX) in 2005 fell by 6% for companies with revenues exceeding $1 billion, and by 16% for firms with revenues of less than $1 billion...

14.06.2006 SOX could become reality for LSE
If the London Stock Exchange comes under U.S. ownership, companies registered on the LSE will not be subject to Sarbanes-Oxley. However, in the longer term such a takeover could “theoretically” make it possible...

01.06.2006 Basel II takes Asia by storm
Virtually all of Asia has voiced its intention of adopting Basel II, with the stronger economies of Hong Kong, Singapore and Australia planning to do so shortly after 2008...

30.05.2006 Court verdict closes Enron affair
A U.S. federal jury has found the two former bosses at Enron guilty of fraud. They will learn their sentences on Sept. 11, with both of them facing over 100 years in prison...

26.05.2006 Ex-employees have no rights to company data
The Delhi High Court has made a landmark ruling prohibiting four former employees from making use of their ex-employer’s proprietary data and confidential information...

25.05.2006 U.S. to closely monitor Basel II progress
Financial authorities in the U.S. have stated they will do everything they can to ensure that Basel II does not undermine the strong capital base at U.S. banks...

24.05.2006 Five-year jail terms for covering up data leaks
The latest bill on data breaches to be debated by Congress could force companies to disclose any leaks within 14 days of the incident or face a fine of up to $1 million and up to five years in prison...

23.05.2006 U.S. Republicans set to tackle SOX
U.S. Republican lawmakers have said they intend to introduce a bill to Congress that would exempt small businesses from some aspects of Sarbanes-Oxley...

23.05.2006 SOX stalwarts concede ground
The Securities and Exchange Commission and the Public Company Accounting Oversight Board are prepared to reform the Sarbanes-Oxley Act to reduce the costs that small businesses incur...

19.05.2006 Three more U.S. states adopt data breach laws
Indiana, Wisconsin and Nebraska have been added to the list of U.S. states with their own data breach laws, bringing the total number to 26...

17.05.2006 SOX forcing public companies to go private
A report by U.S. congressional auditors has concluded that the costs of complying with the Sarbanes-Oxley Act (SOX) of 2002 have been higher than anticipated...

15.05.2006 Basel III – the biggest fear after Basel II
A recent survey by ICBI on risk management has revealed that Basel II is the biggest concern for financial companies in the U.S., though the majority are confident of meeting the compliance deadline...

13.05.2006 British data leak row highlights need for legislation
MasterCard and Visa have refused to identify the British retail company that leaked the credit card details of 4,000 consumers. The victims are now insisting they have a right to know...

12.05.2006 Whistleblowers misunderstand SOX
Experience has shown that Sarbanes-Oxley is failing to protect whistleblowers from retaliation by their employers. The safeguards promised by the act have failed to materialize when cases end up in court...

12.05.2006 SOX compliance needn’t break the bank
Foreign companies represented on the U.S. stock exchanges are currently so immersed in the task of complying with Section 404 of SOX that they have lost sight of the long-term effects of their actions...