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Services Help Storage Managers With Compliance

When the Canadian financial giant TSX Group, which operates the Toronto Stock Exchange along with a range of other trading networks, decided to revise its regulatory compliance policies, it didn't do the job alone. Instead, it hired an online service from a company called Complinet, which not only keeps TSX updated on the regulations it needs to track, but ensures that all internal TSX divisions are kept up-to-date with any changes.

"We believe it is vital that our senior issuers are able to have the most up-to-date and flexible access to our rules and policies," said Richard Nadeau, SVP of the Toronto Stock Exchange, in a prepared statement. "Complinet will make it much easier to locate current and past versions of these rules."

Complinet, a 10-year-old company with 230 employees based in London and New York, offers a series of software-based services that track and update financial companies on the content and ongoing status of worldwide regulations.

What's this got to do with storage management?

Plenty, if you're in the financial services business. IT pros responsible for setting policies on email management or data archiving often have trouble knowing what they need to save or watch for, experts say. And that's the problem Complinet aims to solve. It delivers information to specific departments, like IT, about how changes to regulations will actually affect the policies a company follows.

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