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 brandpost Sponsored by Freshworks When your AI chatbots mess up AI ‘hallucinations’ present significant business risks, but new types of guardrails can keep them from doing serious damage By Paul Gillin Dec 08, 2023 4 mins Generative AI brandpost Sponsored by Dell New research: How IT leaders drive business benefits by accelerating device refresh strategies Security leaders have particular concerns that older devices are more vulnerable to increasingly sophisticated cyber attacks. By Laura McEwan Dec 08, 2023 3 mins Infrastructure Management case study Toyota transforms IT service desk with gen AI To help promote insourcing and quality control, Toyota Motor North America is leveraging generative AI for HR and IT service desk requests. By Thor Olavsrud Dec 08, 2023 7 mins Employee Experience Generative AI ICT Partners feature CSM certification: Costs, requirements, and all you need to know The Certified ScrumMaster (CSM) certification sets the standard for establishing Scrum theory, developing practical applications and rules, and leading teams and stakeholders through the development process. By Moira Alexander Dec 08, 2023 8 mins Certifications IT Skills Project Management 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