Financial institutions plan to increase risk and trading IT spending in 2012

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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 cuts. Market risk systems will see the most investment, with most respondents citing out-of-date systems as the main reason for their expenditure. Of those firms planning to increase spending, 56.4% will spend more than 10% more, while 22.1% will spend more than 20% more in 2012. Just over 8% of respondents wil