The Year of Compliance

EDITOR’S LETTER

In this issue alone, we have hedge funds under pressure and wrestling with technology that will help them increase transparency (see related story, this issue); the UK Financial Services Authority weighing restrictions on "softing" (or "soft-dollaring," as it is called in the US), and the IT implications that a curb of that practice could bring (see related story, this issue); and instant messaging adopters reviewing how to store the technology--not because they have to yet, but because in

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