Firms on target for sound practices


The US Congress, through its Intelligence Reform and Terrorism Act, required that by April 30, 2006, the Federal Reserve, the Office of the Comptroller of the Currency and the Securities and Exchange Commission prepare a study on the efforts of the private sector to implement the paper.

That report, released at the end of April, says the firms that play significant roles in critical financial markets have completed, or should complete during 2006, substantial implementation of the practices.

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