If financial services institutions (FSIs) do not comply with a variety of new regulations they can face criminal charges. Despite budget pressures they must therefore continue to invest in technologies in support of their compliance mandate. This paper describes the major regulations applying to FSIs and discusses IT spending to comply with those regulations.
Garcia, V. (2004), "Seven points financial services institutions should know about IT spending for compliance", Journal of Financial Regulation and Compliance, Vol. 12 No. 4, pp. 330-339. https://doi.org/10.1108/13581980410810876Download as .RIS
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