The government is floating the idea of increased financial services oversight and regulations for mortgage brokers in response to the ongoing economic crisis. What's your take? With a federal-government backed bailout of Bear Stearns on Wall Street and a mortgage crisis on Main Street, Treasury Secretary Henry M. Paulson Jr. came out today with a set of proposals to increase regulations on financial institutions. The proposals call for creating a new federal commission to oversee mortgage brokers, giving the Federal Reserve access to financial services companies’ data about their liquidity and capital backing, and imposing reforms to increase federal oversight of the securities industry. As shown with Sarbanes-Oxley, any time government gets involved in regulating accounting and finance systems, IT systems will play a key role. There’s a lot of work to do (and potentially lots of costly consultants to hire); new “compliance solutions” to consider; and budget battles to wage. (Of course, some CIOs and other IT executives find that such regulations provide them and their IT departments with a higher profile. Cast your vote below in the instant poll we’ve created to gauge your reaction to these newest regulation proposals and their possible impact on IT. <a href =”http://www.polldaddy.com” >surveys</a> – <a href =”http://answers.polldaddy.com/poll/478539/” >Take Our Poll</a> Related content opinion Can you spot the hidden theme of CSO’s Future of Cybersecurity summit? By Beth Kormanik May 31, 2023 2 mins Events Cybercrime Artificial Intelligence case study How IT leaders use EV tech to fuel the transport revolution in Kenya Many African nations are starting to invest in electric vehicle (EV) transportation as a means to broaden access and help keep pace with global environmental initiatives. In Kenya, strides are being made despite industry and tech leaders grappling to By Vincent Matinde May 31, 2023 5 mins CIO CTO Emerging Technology feature How CIOs distill the most sought-after data skills From back-end engineers to data scientists and line-of-business experts, here’s the in-demand talent that all organizations need to turn a glut of information into game-changing insight. By Mark Samuels May 31, 2023 8 mins IT Skills Data Center IT Leadership interview Broadcom’s Andy Nallappan on what cloud success really looks like The CTO, CSO, and head of software engineering and operations knows firsthand that a successful move to the cloud is all about changing the culture and replacing on-prem’s sunk cost mentality with incentivized FinOps. By Martha Heller May 31, 2023 8 mins Technology Industry IT Strategy Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe