Financial data and news company Bloomberg LP today said it is putting in place new policies and procedures designed to keep its journalists from accessing the private information of its Wall Street clients.
The moves stem from an outside review that followed complaints from Goldman Sachs that Bloomberg journalists were accessing client log-in activity on the company's trading information terminals.
In response, Bloomberg turned off its journalists' special access, limiting it to what clients can see themselves. It called the previous access a mistake.
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It's also boosting its data security and corporate compliance controls, giving more oversight responsibilities to its audit committee and creating a centralised team that will oversee the granting of access to restricted data.