The GLBA requires responsible federal agencies or state regulatory authorities to establish appropriate standards for financial institutions regarding administrative, technical and physical safeguards for nonpublic customer data. [read post]

But nobody's out there telling purchasers of such products that they can't have them unless they first go to a government-licensed professional and obtain pre-certification that the purchase is necessary.Fundamentally, the learned intermediary rule is "based on the principle that prescribing physicians act as ‘learned intermediaries' between a manufacturer and consumer and, therefore, stand in the best position to evaluate a… [read post]

(The role Basel II will have here is an interesting subject for latter discussion.) [read post]