The growing use of outsourcing by financial institutions, not just in commodity services but also major operational processes, has caused the UK Financial Services Authority (FSA) to state its concern over its ability to exercise its powers and...
A global survey has revealed that 39 per cent of financial institutions experienced at least one security breach within the past year. Of the institutions surveyed globally, 47 per cent have maintained or increased IT security staffing in the past...
However compliance with regulations such as Sarbanes-Oxley continued to be a drain on IT budgets. In 2004, 60 per cent of the organisations surveyed claimed regulations were merely an extension of existing systems but this year less than half of...
Major US financial institutions are working to set up a new defence against insider fraud: a database of employees who are known to be scam risks. Banks and similar organisations already run reference and background checks on new employees but an...
However, with upcoming regulations [changes], which advocate the need for best execution, there will be strong uptake of electronic trading throughout 2007. However, on top of that, a lot of financial institutions are looking to become more...
MiFID investment banking regulations come into force, it is still unclear how prepared banks are - and what will happen to those that aren’t ready. The new regulations could have a big impact on the IT systems of investment banks.