Abstract
The explosion of data in recent years has only been matched by the onslaught of regulation in the financial services industry. New international accounting standards in Europe and auditing processes of the Sarbanes-Oxley and anti-money laundering acts in the US are shaking up IT security policies and adding to storage burdens. The data burden is growing, the regulative landscape is becoming more complex; meanwhile IT budgets remain static. New legislation is set to make data retention and storage increasingly challenging for telecommunications companies.
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