In light of the recent events that have rocked the European Union, it seemed like a good time to bring you another message on regulatory constraints. What is Europe doing right now? It is in the process of reinforcing its means of control in order to avoid excesses such as those committed by Greece. The main focus of all these controls will be the data produced by the Member States. This data will originate in the Information Systems of all of the businesses. When we see the scope of this, it is dizzying because we need to realize the hyper-dependence of our economies on this fragile, immaterial thing that is an Information System. Because of this, we better understand the reasons for all of these regulations and what they can bring us in a globalized economy.

"This situation puts projects related to risk management at the center of IT issues, and no special foresight is required to believe that this will increasingly be the case as the years go by."

In a situation like this, the strategic usefulness of ARCAD solutions increases every year. We admit that these regulatory constraints are beneficial for ARCAD’s business. Although we are very proud of all the productivity and ergonomic gains we provide to our users, it must be noted that the argument for buying our products, in this case, can be summarized simply by the word “compliance” with regulatory requirements.
How are the ARCAD solutions relevant to these requirements? Simply put, they are the guarantors of software high availability. Bug-related application unavailability is now taken into account at the same level as hardware equipment-related unavailability. Many companies have already addressed the equipment issue. It is true that the impact of a machine that is down is more visible than stoppage of a particular function of an application. How can you protect against a vital function of an application going down? Answering this question is very important for IT Departments and is it is our company’s key mission. This is not confined to businesses subject to regulatory constraints.

Yours,

Philippe MAGNE
CEO

Solvency II : News and optimizing bringing systems into compliance .
Solvency II is a mandatory methodological framework for calculating the minimum required capital threshold for the insurance sector. This new standard is based on the same principles as Basel II, which entered into force for the banking sector at the end of 2006. And just like Basel II, the objective of Solvency II is to determine the right amount of capital a company needs to cover all of its risks, i.e.,:
Underwriting risk, credit risk, operational risk, liquidity risk, market risk.

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ARCAD and PCI compliance within the framework of securing access to payment card management applications.
In a completely separate field, the PCI Compliance directive brings its own set of requirements into the framework of securing access to payment card management applications. Indeed, with the rise in electronic commerce, the public at large is increasingly aware of the risks of theft of confidential information on payment cards. The purpose of the PCI DSS (Payment Card Industry Data Security Standard) is to ensure that the professionals who handle this data meet specific security requirements and that they do indeed take the logical security measures necessary at the level of the IS to preserve the confidentiality and security of the data they handle.

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IT Governance: What are the stakes for IT Departments?
The concept of IT Governance has its roots in the early 2000s, in the aftermath of the Enron, WorldCom, Parmalat, AOM - Air Liberté and other affairs, and has a day-to-day effect on both large and small organizations. IT Governance was created in order to protect shareholders from faulty? managerial practices and includes a good ten or so regulations and good practices at the European, American and French levels, including these examples:
The Sarbanes-Oxley Act, The French Financial Security Law, Basel II and Basel III for banks and financial institutions, and the most recent, Solvency II, is a Basel II for insurers.

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