This course aims to explain how financial information systems are regulated, and how the regulatory requirements affect the banking and financial services industries, particularly in terms of safeguarding the public's savings, bringing stability to the financial system, and preventing abuse of financial-service customers; provide the skills to evaluate and assess the role of the compliance process, including international and local regulations and regulatory requirements for information systems; familiarize students with the risks that information systems face under different regulations and regulatory requirements; describe operational risks for information technology, and equip students with the ability to apply recognized control objectives to reduce operational risks.