TITLE

Financial Services Firms To Increase Risk Spending 6.6 Percent

AUTHOR(S)
Curtis, Carol E.
PUB. DATE
June 2009
SOURCE
Securities Industry News;6/22/2009, Vol. 21 Issue 14, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the findings of a study conducted by international strategy consultancy Celent on global risk management. The study shows that financial institutions have increased their global risk spending on governance, operational risk and compliance activities by a compound annual rate of 6.6. percent, from $1.4 billion in 2008 to $1.7 billion in 2011. The consultancy states that information technology (IT) spending for risk management is expected to rise even if most financial institutions have gone into a cost-cutting mode.
ACCESSION #
43661379

 

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