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Seven points financial services institutions should know about IT spending for compliance

Virginia Garcia (TowerGroup, Two Charles River Place, 63 Kendrick Street, Needham MA 02494‐2708, USA; tel: +1 305 856 0234; e‐mail: vgarcia@towergroup.com)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 December 2004

Abstract

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.

Keywords

Citation

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/10.1108/13581980410810876

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited