While governments rally to bring some order to the worldwide economic crisis, customer confidence in the financial industry is waning. That means institutions must be able to prove that they're doing all the right things; among other things, appropriately auditing and controlling the IT environment. Now, more than ever, an institution's mandatory compliance with government guidelines plays a crucial role in restoring customer confidence, one institution at a time.
Read this case study to learn how Rothschild Bank in Zurich has achieved banking and financial reporting regulatory compliance by getting a handle on change and getting down to basics - the five core competencies of compliance:
Proactive assessmentsComplete accountabilityAutomated auditingConfiguration management andChange control