We are living in an increasingly regulated business world and the risk of legal exposure from failure to comply with regulations is a compelling force that can put an organisation's survival at risk. Smarter businesses should look to offset the...
Fraud and money laundering regulations and the Basel II accord will drive $4.8bn of investment in new technology by European banks by 2006, according to new research. The financial services sector - traditionally the largest market for business...
But with IT budgets still tight, how can companies hope to comply with the new legislation, especially within specified deadlines? Lochhead said: "The regulations won't stop committed criminals. Duggan agreed, saying there are "few instances" when...
Ray Stanton, head of business continuity, security and governance at BT, said in a statement: "As threats to information security escalate both from inside and outside the organisation, coupled with an increase in the number of regulations that...
Data volumes are doubling annually in the financial sector, with a yearly spend of $2.1bn on front office market data infrastructure from Europe and the US, and the report suggests the imminent arrival of regulations such as the Markets in...
Nevertheless, the fear of large fines for failure to comply with regulations, along with the risk of a damaged reputation, can encourage a global bank to spend more than $2m on an AML system. On the surface these reasons alone seem likely to deter...