Majority of firms expect to up IT spend in 2013
Nearly 60% of financial institutions say they will increase spending on technology next year – and new regulatory requirements are a big driver
Almost 60% of respondents to a Risk technology survey plan to increase investment in IT systems in the next 12 months, despite low trading volumes, regulatory upheaval and large cutbacks in personnel.
Of those that will be spending more than their 2012 figure, 44% put the increase at 11–20%, while 14.3% said they'd be spending anywhere between 21% and 50% more. The proportion of respondents expecting an increase of up to 10% was 37.7%.
Market risk will be the biggest recipient of the extra cash
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