Information technology (IT)

Plugging the gaps

The various post mortems into the causes of the financial crisis have highlighted weaknesses in bank risk management practices. In particular, many banks approached risk on a silo basis, with little attention given to firm-wide exposures. Are banks…

IT spend focusing on ROI

Return on investments (ROI) – not merely regulatory compliance – will drive the increase in information technology (IT) investments in the top global banks in 2004, according to Group 1 Software, a Maryland-based financial services data solutions…

Getting it together

Data consolidation is now a vital foundation to any successful risk management implementation, as Dave Rose and Stuart Cook of The Structure Group report

Celent, TowerGroup: Deep IT Cuts Proving Harmful

BOSTON - Market research firms Celent Communications and TowerGroup predict that IT spending by securities firms will decrease this year, but say user firms have slashed IT staff nearly to the point that they are harming themselves.

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