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The cost of compliance
Companies are facing an avalanche of corporate rules and
regulations, including the Data Protection Act, Sarbanes-
Oxley, Basel II, the Freedom of Information Act and BS 7799
(ISO 17799), a piece of legislation covering security issues
which contains a number of control requirements.
And ensuring compliance is not cheap – industry analyst META
Group estimates that a large bank could spend up to £100 million
over the next three years on IT-related compliance programmes.
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Management Consultants News 2005
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Copyright © 2005
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