More firms expect technology spending increase in 2014
Overhauling old systems is still the biggest driver for anticipated technology spending increases, but prudential and market regulations are growing in importance
The twin burdens of derivatives market reform and new prudential rules are behind a jump in the number of firms expecting to spend more on technology during 2014 – the key finding of the survey that accompanied this year’s Risk technology rankings. Nearly two-thirds of the 1,380 respondents to this year’s survey, 64.7%, say they plan to increase their IT spend next year, up from 57.7% in last year’s poll.
For 30.7% of those surveyed – the vast majority of them banks and brokerages – spending is
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