Information technology (IT)
Canadian investment managers worried by legacy systems
Omgeo report claims 70% of managers are fighting antiquated systems and processes
Lloyds TSB tech failures show lack of investment in IT throughout industry
Tech failures reflect industry’s lack of back-office investment
Societe Generale to acquire RBS Sempra gas and power assets
Société Générale agrees to buy North American power and natural gas assets from RBS Sempra Commodities
Santander IT collapse leaves A&L customers unable to access accounts online
Bank suffers IT gliches while loading Alliance & Leicester accounts onto Santander system
Data deluge increases info management risk
A study suggests the retention of unnecessary information is creating overflows and increased risks at many businesses
UK firms face e-disclosure upsurge, says survey
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IT supports UK outsourcing through the financial crisis
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Plugging the gaps
The various post mortems into the causes of the financial crisis have highlighted weaknesses in bank risk management practices. In particular, many banks approached risk on a silo basis, with little attention given to firm-wide exposures. Are banks…
Budgets hit internal and external systems: encourage holistic approaches
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Logica and SAP launch GRC collaboration
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IT firms report widespread data risks
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Outsourcing is long-term loss for short-term gain, says study
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Businesses fear IT collapse more than terrorism
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IT spend focusing on ROI
Return on investments (ROI) – not merely regulatory compliance – will drive the increase in information technology (IT) investments in the top global banks in 2004, according to Group 1 Software, a Maryland-based financial services data solutions…
Getting it together
Data consolidation is now a vital foundation to any successful risk management implementation, as Dave Rose and Stuart Cook of The Structure Group report
Celent, TowerGroup: Deep IT Cuts Proving Harmful
BOSTON - Market research firms Celent Communications and TowerGroup predict that IT spending by securities firms will decrease this year, but say user firms have slashed IT staff nearly to the point that they are harming themselves.
Basel II related IT spending to increase at European banks, says Celent
NEW YORK - Spending on IT for compliance with the Basel II capital accord in European Union (EU) banks is set to rise to more than €600 million in 2006 from just over €300 million in 2002, according to an analyst at US research and consultancy company…
Budgeting for 2003
Deutsche Bank, Merrill Lynch and State Street outline how next year's budget will be spent. For starters, it will be spent cautiously.
Business managers play key role in shrinking Merrill IT budget
Merrill Lynch has stemmed IT cost overruns by shifting the responsibility for technology project costs to business managers and away from IT managers.
Basel accord brings segmentation issues for systems companies
Basel II will segment the market for firms providing IT services to banks.