Risk research: tech spending to rise in 2012
Just over 60% of respondents plan to up their technology spend next year, with market risk systems the main beneficiary. Clive Davidson reports
More than 60% of respondents to a Risk technology survey plan to increase their spending on IT in 2012 – despite cutbacks in spending at financial institutions and widespread job losses. Market risk systems will see the most investment, with the majority of respondents citing out-of-date technology as the main reason for their expenditure.
Of those firms planning to increase spending, 56.4% will spend more than 10% extra, while 22.1% expect an increase of more than 20% in 2012. Just over 8% of
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