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Mobile Phone Recording Deters Crime, Meets Regulatory Requirements, White Paper Says

At 20 Dec 2007 09:48:03 in MM-Record Keeping, MiFIDMonitor.com    Print Article  Email Article   Full content requires subscription 

A new whitepaper from B.I.S.S. Research claims telephone and text recording offers benefits to financial firms, including the determent of crime, and highlights new technology from telecommunications company Compliant Phones. The whitepaper, commissioned by Compliant Phones, claims Compliant’s mobile phone recording technology will “reignite MiFID articles for regulations to record all telephones used in financial services firms”. MiFID has never actually required telephone recording. Earlier this year the UK’s Financial Services Authority (FSA) drew fire for its proposals to expand requirements in this area. The FSA subsequently delayed rules on recording until March next year.



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