TITLE

Keeping legal busts the it budget

AUTHOR(S)
Sausner, Rebecca
PUB. DATE
March 2011
SOURCE
Bank Technology News;Mar2011, Vol. 24 Issue 3, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
59436121

 

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