Financial firms see need to upgrade systems

TECHNOLOGY NEWS

LONDON -- Most investment banks, asset managers and hedge funds questioned in a UK survey recognise the need to upgrade their risk management systems under current regulatory and economic pressures.

The survey’s authors, UK-based business consultants Lepus, said in March that 75% of banks believe they would be able to deploy capital effectively by having real-time risk management systems.

All firms interviewed recognised the increased importance of operational risk in the array of risks they f

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