Merrill Lynch selects SAS for OpRisk management and Sarbanes-Oxley compliance

Merrill Lynch, a leading financial management and advisory company, has selected software from SAS, a North Carolina-based software analytics company, to help manage its operational risk and continue compliance with the Sarbanes-Oxley Act, the new Basel II Accord (Basel II) and other regulations.

The software solution, SAS Corporate Compliance for Sarbanes-Oxley, provides publicly traded organisations with a repository of financial documents, processes and controls – from across their global operations – that can be monitored, tracked and analysed.

"Merrill Lynch has built a solid reputation of responsibility, integrity and focus on its clients," said Jim Goodnight, president and CEO of SAS, in a press release on December 18. "We are very pleased to be able to provide the power of

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