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ISO Workshop explores financial services industry needs.

Press Release Summary:

April 13, 2011 - Current and future needs of global financial services industry will be examined at workshop in Amsterdam on May 13, 2011. Topics to be discussed are use of standards by regulators and market players in response to post-crisis reporting requirements, standards to support transaction-based business, and consumer-focused issues such as privacy management and fraud protection. Focus will be on activities to support evolving business needs, innovation, and regulatory requirements.

American National Standards Institute - New York, NY

Original Press Release

ISO Workshop to Explore Standardization Needs of Global Financial Services Industry

Press release date: April 11, 2011

On May 13, 2011, the International Organization for Standardization (ISO) and the National Standards Body of the Netherlands (NEN) will host a workshop in Amsterdam to examine the current and future needs of the global financial services industry According to workshop organizers, the financial services industry has reached a crossroads following the 2008 financial market crisis; regulators and market players are facing substantial challenges in their effort to restore public confidence and create effective, long-lasting conditions to help prevent a similar crisis in the future. The workshop will examine current ISO activities in this area, and explore the need for potential additional activities to support evolving business needs, innovation, and regulatory requirements. Among the topics to be discussed are the use of standards by regulators and market players in response to post-crisis reporting requirements, standards to support transaction-based business, and consumer-focused issues such as privacy management and fraud protection.

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