Op risk software market to expand, says Chartis

According to a new report from Chartis Research on operational risk management systems, the worldwide operational risk management market – for solutions for financial services firms – will grow at a compound annual growth rate of 9% to $1.55 billion by 2011.Spending on op risk products slowed a bit in 2006 and early 2007, according to conversations the editors of OpRisk & Compliance magazine has had with vendors and consultants, although activity has risen in recent weeks. Certainly, the Cha