NEW YORK. - Thursday, August 22nd 2013 [ME NewsWire]
External Review Finds Bloomberg Has Appropriate Client Data Policies and Controls in Place
Company Adopts Further Changes to Data Access Policies and Procedures, Enhances Training, and Commits to Third-Party Reviews to Strengthen Client Security
(BUSINESS WIRE) Bloomberg L.P. today released a report resulting from an external review of the company’s client data policies and procedures, led by the law firm Hogan Lovells and the regulatory compliance firm Promontory Financial Group, which concluded that Bloomberg has appropriate client data policies and controls in place. The company also announced the adoption of additional new procedures consistent with recommendations stemming from the review.
Former IBM Chairman and CEO Samuel J. Palmisano has provided independent advice to Bloomberg’s Board of Directors on the company’s client data policies and practices since May 2013. Commenting on the Hogan Lovells/
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