Keeping legal busts the it budget

Sausner, Rebecca
March 2011
Bank Technology News;Mar2011, Vol. 24 Issue 3, p8
Trade Publication
The article focuses on the increase in budget on information technology (IT) among banks in the U.S. It relates that the increase in IT budgets of American banks sounds reasonable, but is affected by different factors which include supporting the regulatory mandates of Dodd-Frank Act of 2010 and the data requirements of the Office of Financial Research. It also says that complying the aforementioned requirements would cost banks more than what they are planning to spend.


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