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Continued Attention Needed to Protect Our Nation's Critical Infrastructure and Federal Information Systems

March 16, 2011 - This testimony discusses the cyber threats to critical infrastructure and the American economy. Pervasive and sustained cyber attacks against the United States continue to pose a potentially devastating impact on federal and nonfederal systems and operations. In February 2011, the Director of National Intelligence testified that, in the past year, there had been a dramatic increase in malicious cyber activity targeting U.S. computers and networks, including a more than tripling of the volume of malicious software since 2009.

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IT Compliance spend trending up

March 8, 2011 - Technology budgets in the IT Compliance arena are set to grow by six per cent over the coming year as IT teams grapple with demands for lower latency and regulatory reform, according to forecasts from analyst house Aite.

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SEC Proposes Rules on Disclosure of Incentive-Based Compensation Arrangements at Financial Institutions

March 2, 2011 – The Securities and Exchange Commission today proposed a rule that would require certain financial institutions to disclose the structure of their incentive-based compensation practices, and prohibit such institutions from maintaining compensation arrangements that encourage inappropriate risks.

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Federal Reserve seeks comment on proposed rules on risk-based pricing notices

March 1, 2011 - The Federal Reserve Board and the Federal Trade Commission (FTC) on Tuesday proposed regulations regarding the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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CROs are rising corporate stars, says Deloitte report

February 23, 2011 - As regulators focus on the role of risk in compensation plans, firms are raising the importance of chief risk officers by increasing their access to the board, research has found. The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act has forced institutions to make changes from top to bottom.

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US risk council breaks non-bank world into four

February 17, 2011 - The new US financial risk council has divided non-bank financial institutions that could be subject to additional oversight into four categories, including hedge funds and insurers.

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