Tag Archives: records management
Dodd-Frank Legislation and Structured Data Retention
The “Dodd-Frank Wall Street Reform and Consumer Protection Act” has recently been passed by the US federal government to regulate financial institutions. Per this legislation, there will be more “watchdog” agencies that will be auditing banks, lending and investment institutions to ensure compliance. As an example, there will be an Office of Financial Research within the Federal Treasury responsible for collecting and analyzing data. This legislation brings with it a higher risk of fines for non-compliance. (more…)
Applying Retention Schedules To Database Data
Over the last few blogs, we have stepped through a project to implement Information Lifecycle Management (ILM) on corporate databases. First, we evaluated the target databases, then we determined the Business Objects and assigned retention periods to the data – including both Legal and Operational requirements. Now that we are ready to start applying the retention policies and deleting data, it is a good idea to set up an archive database as an intermediate repository for business objects classified as legal records.
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CommVault And Informatica’s Joint Solution For Retiring Legacy Applications And Data Meets Customer Needs
One of the challenges I face as a database archiving implementer and practitioner is where to store legacy database data after an application is retired. Typical requirements include:
- Business wants to be able to access data should they need it to support ad hoc operational needs.
- Legal wants to be able to access data should they need it for litigation.
- IT wants to get rid of the data because it is costly to maintain the old application and technology it resides on.
- Executives want a solution that doesn’t create another silo of technology.
- Records Managers want to make sure data is purged when the retention period matures to maintain compliance.
The announcement of the CommVault and Informatica partnership addresses many of these requirements in one swoop.