Chapter 1. The Regulatory Environment

Regulations are providing new career and advancement opportunities for DBAs who understand how to enhance security and mitigate risk.

New Regulations, New Responsibilities, New Opportunities

“Fast and loose” was how many were playing the game in the 1990s U.S. corporate environment. Controls and regulations were ignored, financial abuses were covered up, profits appeared to soar (when they were not even maintaining status quo), and on the surface, life in the stock and financial realms appeared to be a never-ending earnings party to which most wanted to be invited.

The economy was robust and freewheeling. Many investors, caught up as if the 1880s gold rush had returned, hastily threw down their hard-earned ...

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