Jefferies Selects Bloomberg Vault for Information Management

Jefferies will use Bloomberg Vault to support its compliance and e-discovery functions. The product stores records of telephone calls, e-mails, instant messages and mobile communications, which regulators are increasingly demanding across the world. Dodd-Frank Act provisions regarding communications related to swaps transactions, for instance, come into force later this month.

"The increased demands of transparency and accountability are driving the need for financial firms to invest in information governance solutions that meet the new market requirements," says Harald Collet, global business manager at Bloomberg Vault. "Jefferies and other leading multinational firms have adopted Bloomberg Vault to help prepare for the latest regulatory mandates, while leveraging Bloomberg's global infrastructure, to cut operational costs."