Information technology (IT)

• Basel Committee

Basel II related IT spending to increase at European banks, says Celent

NEW YORK - Spending on IT for compliance with the Basel II capital accord in European Union (EU) banks is set to rise to more than €600 million in 2006 from just over €300 million in 2002, according to an analyst at US research and consultancy company…

• 18 Nov 2002

• Technology

Budgeting for 2003

Deutsche Bank, Merrill Lynch and State Street outline how next year's budget will be spent. For starters, it will be spent cautiously.

• 01 Nov 2002

• Technology

Business managers play key role in shrinking Merrill IT budget

Merrill Lynch has stemmed IT cost overruns by shifting the responsibility for technology project costs to business managers and away from IT managers.

• 19 Sep 2002

• Risk management

Basel accord brings segmentation issues for systems companies

Basel II will segment the market for firms providing IT services to banks.

• 01 Jul 2001