Tabb surveys ‘Chinese Wall’ compliance

WESTBOROUGH, MASSACHUSETTS -- Although many large international financial services firms claim they will spend up to 12% of their information technology budget on fulfilling regulatory compliance obligations in 2005, just what will those firms be buying? That was the question the Tabb Group, a Massachusetts-based consultancy, sought to answer in its January report, Chinese Wall Compliance: Plugging Holes and Keeping Firms Afloat .

Although the report concedes that the bulk of that cash will be spent on Sarbanes-Oxley compliance and upgrading firms’ anti-money laundering infrastructure, "an increasingly significant amount of that pie will be focused on implementing two or more of the four strata of Chinese Wall policy enforcement solutions." These solutions include those that are active or predictive in their management of