BT and Truphone have teamed up to launch a mobile recording service equipping firms for upcoming mandates
BT and Truphone
have teamed up to launch a mobile recording service enabling
derivatives firms to comply with Dodd-Frank regulations
mandating all trading communications to be recorded,
writes Jonathan Watkins.
Following on from
a rule which has been in place in the UK market since November
2011, mobile communications which lead to a trade now also have
to be recorded in the US.
Under the oral
recordkeeping requirement, the information must be stored for a
year in a retrievable format.
The rules include
conversations and data interactions on mobile phones.
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