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.


Peter A. Kurilecz
Richmond, Va
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