Outlook 2004: Compliance Tops the Charts

摘要

Never before has Wall Street faced so many new regulations with major technology implications. And the coming year will only see a heightened focus on regulatory issues. Complying with the U.S.A. Patriot Act and figuring out how Basel II would impact the securities industry were top of mind last year. However, this year a slew of other compliance issues have found their way onto the CIO's agenda. With an unending wave of scandals being revealed in financial services, no one can argue that the focus on compliance will increase. As a matter of fact, a recent InformationWeek Research survey found that 65 percent of senior executives on Wall Street plan to spend more on compliance this year.