01481nas a2200121   4500008004100000022001400041245005600055210005600111260004200167520110000209100001501309856003501324       2007                        eng d  a1913-610200aSpecial Considerations for Financial Services Firms0 aSpecial Considerations for Financial Services Firms  aOttawabTalent First Networkc11/20073 aInfrastructure Open Source Software (OSS), including middleware, database packages, and the Linux operating system, is increasingly being deployed by financial institutions. Many OSS packages are selected and incorporated directly into custom applications by developers, thus bypassing traditional purchasing channels and their attendant legal, standards, and technical review processes. Because of this, Information Technology (IT) management is often unaware of the OSS running in their data centers, and sometimes support and maintenance measures are not in place for OSS running in production applications. 

With the advent of regulatory structures such as the Basel II accords, the reliability of computing systems is increasingly subject to regulatory scrutiny. Not having adequate support and maintenance measures in place creates a significant compliance risk for financial institutions. This article describes these risks and outlines best practices for an anti-failure program that brings systems depending on OSS packages into compliance while reducing overall operational risk. 
1 aSourcelabs  uhttp://timreview.ca/article/55