Basel II and Euro SOX (the 8. EU auditing guideline) are amongst the most relevant compliance guidelines in Europe. The open question for most companies is how these guidelines might affect their business – and their IT. The workshop will provide an overview of these regulations and their impact on IT, the need for IT-based risk management and specific IT and Identity risk management. This will be discussed for the IT of finance institutions as well as for all the other companies, because Euro-SOX is relevant to all and Basel II, even while being a banking standard, affects the risk evaluation of corporations.