Banks Need A Disclosure "Action Plan"

Klosek, Jacqueline; Troxclair, Lauren
June 2007
Bank Technology News;Jun2007, Vol. 20 Issue 7, p46
Trade Publication
The article presents the authors' comments on the need for banks to develop a strategy to deal with requirements of compliance with privacy laws and governmental demands for information. They make reference to the Society for World Wide Interbank Financial Telecommunication's cooperation with the U.S. Department of Treasury. The authors hold that companies find themselves in a fix while dealing with these contradictory demands. They suggest firms to develop an action plan in this regard.


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