|
By Denis Orrock, CEO, GBST Capital Markets
Regulatory pressures and their impact on operational technology requirements are at the forefront in the minds of investment banks and other institutions. Before 2008, the usual response from institutions to most forms of regulation was a ‘fix’ that allowed them to maintain their operating model without making major changes. Since the crisis and the subsequent raft of control measures applied by regional and national jurisdictions, the need has emerged for more robust, scalable solutions. Indeed, from our global conversations with major capital markets players today we typically find that two thirds of IT and operational spend is being allocated to developing strategic regulatory solutions that can accommodate more...
|