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	<title>Comments on: Moody&#8217;s blames bugs for misjudging debts</title>
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		<title>By: James Stewart</title>
		<link>http://www.debtonation.org/2008/05/moodys-blames-bugs-for-misjudging-debts/comment-page-1/#comment-8</link>
		<dc:creator>James Stewart</dc:creator>
		<pubDate>Mon, 26 May 2008 08:02:00 +0000</pubDate>
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		<description>In various industries there are very tight regulations about computer software that can be used. Companies 

producing software to manage drug trials in the USA for example have to go through months of work to demonstrate compliance with FDA regulations. 

And of course we hear plenty about data protection rules, even if people seem to be having a lot of trouble sticking to them.

Is there any 

equivalent to that FDA regulation for the computers that manage the financial systems, and assign value to the various &quot;assets&quot;? It seems like 

there should be a case to answer for anyone who is managing the build of such a system and can&#039;t demonstrate that they&#039;ve taken appropriate steps 

to make sure the software doesn&#039;t what it&#039;s supposed to.</description>
		<content:encoded><![CDATA[<p>In various industries there are very tight regulations about computer software that can be used. Companies </p>
<p>producing software to manage drug trials in the USA for example have to go through months of work to demonstrate compliance with FDA regulations. </p>
<p>And of course we hear plenty about data protection rules, even if people seem to be having a lot of trouble sticking to them.</p>
<p>Is there any </p>
<p>equivalent to that FDA regulation for the computers that manage the financial systems, and assign value to the various &#8220;assets&#8221;? It seems like </p>
<p>there should be a case to answer for anyone who is managing the build of such a system and can&#8217;t demonstrate that they&#8217;ve taken appropriate steps </p>
<p>to make sure the software doesn&#8217;t what it&#8217;s supposed to.</p>
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