RAIN 060526 Records and Archives In the News is a compilation of news stories related to records and archives management. Cashing in on the value of compliance "A succession of scandals from Barings Bank, to Enron and Worldcom, caused the pendulum to swing towards tighter rules, and since 2000, the list of regulations has grown steadily. It now includes the US Sarbanes-Oxley Act, the Basel 2 risk management rules for financial institutions, the International Financial Reporting Standard (IFRS) and the Market in Financial Instruments Directive (MiFID). This is only the start. In Europe alone there are about 50 current compliance directives, and more in the pipeline." <<http://www.computerweekly.com/Articles/2006/05/23/215989/Cashing+in+on+ the+value+of+compliance.htm>> Where Cash Meets Trade "The kind of information needed to manage a global supply chain is often the very kind of information needed to comply with Sarbanes-Oxley. This congruence along with increased global trade has raised the interest in and use of Global Trade Management (GTM) software." <<http://www.forbes.com/logistics/2006/05/18/sarbanes-oxley-logistics-cx_ rm_0519sarbox.html>> Why Sarbanes-Oxley is Good for American Business "Taking a contrarian stance in the controversy surrounding the Sarbanes-Oxley Act (SOX), which Congress passed in response to frauds at Enron and WorldCom, The Joy of SOX identifies ways that this controversial law can actually drive improvements in operational efficiency. The book uses a case study to help readers understand how to leverage and use service-oriented architecture (SOA) to meet the requirements for internal controls that are mandated by the SOX while preserving strategic agility." <<http://www.it-observer.com/news/6305/why_sarbanes_oxley_good_american_b usiness/>> Govt to review business compliance costs "The Government is to review regulations affecting businesses, to see how compliance costs can be lessened. A key focus will be whether the implementation of regulations are efficient and what improvements can be made." http://www.radionz.co.nz/news/latest/200605222049/104905e0 http://www.gisborneherald.co.nz/article.asp?aid=5020&iid=417&sud=27 Probe of alleged shredding ongoing Jackson Clarion Ledger - Jackson,MS,USA ... he is still collecting information regarding alleged document shredding by the mayor ... morning, Melton repeated his denial that he had shredded those documents. ... <http://www.clarionledger.com/apps/pbcs.dll/article?AID=/20060526/NEWS/60 5260361/1002/NEWS01> Responsible companies purge, shred files Towson Jeffersonian - Towson,MD,USA ... prefer that someone else take responsibility for the removal and disposal of your documents, there are companies that specialize in doing off-site shredding. ... <http://news.mywebpal.com/news_tool_v2.cfm?show=localnews&pnpID=811&NewsI D=722140&CategoryID=9045&on=1> Sacred Heart Data Hacked InternetNews.com - USA ... students. Last year, UPS lost data storage tapes containing data on customers from CitiFinancial. Bank of America lost tapes, too. The ... <http://www.internetnews.com/security/article.php/3609441> Increase safeguards on identity theft The Register-Guard - Eugene,Oregon,USA ... $10 million fine. Bank of America lost data tapes with more than 1.2 million customers' personal information. MasterCard, in the ... <http://www.registerguard.com/news/2006/05/26/ed.col.idtheft.0526.p1.php? section=opinion> Bank leaves customer documents in street Guardian Unlimited - UK A high street bank apologised today after confidential documents - including account numbers and home addresses - were found lying in a street. ... <http://business.guardian.co.uk/story/0,,1784053,00.html> The real action is in the National Archives Seattle Post Intelligencer - USA ... our culture is far more complex than the headlines because the really exciting action (sorry, it's Simon, right?) are the stories held by the National Archives ... <http://seattlepi.nwsource.com/opinion/271755_trahant28.html> Sun-Sentinel, Fri, 26 May 2006 0:26 AM PDT Historical society eyes Web ideas http://www.sun-sentinel.com/news/local/palmbeach/sfl-db26historymay26,0,1 554914.story?coll=sfl-news-palmcomm The Delray Beach Historical Society is planning to upgrade its Web site and is looking to the Boca Raton Historical Society's redesigned site for inspiration. 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