Sarbanes-Oxley, Basel II, And Data Mining
Opportunities In Compliance Systems
Author(s)
G. Allen
Abstract
New legislative and industry governance directives have sparked development of
systems to tackle Information Lifecycle Management, and related compliance
automation for regulations including Sarbanes-Oxley, Basel II and ISO 15489
records management. Many of these systems use a \“store now, sort later”
philosophy, whereas others capture related information in the context of business
processes.
Unusual avenues emerge from these systems for data mining and knowledge
discovery in the hybrid database of structured and unstructured information that
form the supporting compliance systems. This paper will explore the data
mining possibilities inherent in compliance systems using classification systems
not designed with such mining opportunities in mind. Examples include
identifying customers likely to be early adopters of new software based on
product and customer support systems; and opportunities for knowledge
discovery and mapping, and identifying subject matter experts within
taxonomies designed to support financial business functions.
Keywords: Sarbanes-Oxley, Basel II, enterprise content management, records
management, data mining.
1 Introduction
New legislative and industry governance directives have sparked development of
systems to tackle Information Lifecycle Management, and related compliance
automation for regulations including Sarbanes-Oxley, the new Basel Capital
Accord (Basel II) and the ISO 15489 Records Management standard.
Two broad approaches to compliance systems are pursued in contemporary
markets. The first attempts to retrofit or re-engineer bespoke compliance
Keywords
Sarbanes-Oxley, Basel II, enterprise content management, records
management, data mining.
Related Book
Other papers in this volume
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