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COPYRIGHT 2008 SourceMedia, Inc.
Byline: Scott Rosenberg
Compliance has been an ongoing discourse in the banking sector (and, the financial services industry, in general) since the Sarbanes-Oxley Act of 2002. Both a mantra and curse, financial institutions continue to struggle to maintain best practices across all sectors. But few companies understand that SOX is not just about reporting financials correctly, it's also about attesting that your enterprise is in compliance with copyright, trademark and other intellectual property rights.
How hard could it be to remain compliant? System migrations, M&A activities, buyouts-all of these events can cause non-compliance.
For example, with Bank of America's takeover of Countrywide, migrating systems and increased workforce as a result of the merger will need to be closely monitored to be sure standard licensing agreements are maintained.
With investment in IT remaining a priority, most CIOs and CEOs are...
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