Unraveling GLBA: Compliance Basics for Managers, Officers and Directors of Financial Institutions
- Topics:
- Financial Regulations
- Tags:
- Compliance,
- Finance,
- Financial,
- Financial Accounting,
- Financial Company,
- Government,
- Gramm-Leach-Bliley Act,
- Regulations
- Source:
- Tripwire
Vendor Registration: required
Overview: The Gramm-Leach-Bliley Act (GLBA) and its implementing regulations present one such tightly-knit set of legal requirements. Passed by Congress due to growing concerns over identity theft and misuse of consumer financial information, the law requires financial institutions to adopt numerous measures concerning use, disclosure and protection of the nonpublic personal information of customers. Although much attention was initially paid to the privacy provisions of GLBA (which require institutions to develop privacy policies and send privacy notices to customers), perhaps more concern lately has been generated among managers, officers and directors of financial institutions over the information security provisions of GLBA, also known as the "Financial institution safeguards."
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Format: PDF | Size: 119KB | Date: Dec 2005 | Pages: 9
