IT departments less confident than executives of meeting challenges in capital markets: Misys and Finextra

Finextra and Misys recently surveyed 106 people in senior management from business or IT groups within capital markets organisations worldwide to get a snapshot of how they are responding to regulatory and market drivers.
The four challenges that bank respondents said they were least ready for were:

  • Integration of acquisitions and organic expansion
  • Implementing tougher and more frequently changing regulatory and compliance requirements
  • Delivery of and access to real-time reporting and data by all vested interests
  • Handling the increased complexity of internal reporting, governance and committee structures

Other key findings include:

  • IT departments are less confident than top business executives of meeting regulatory challenges but more confident of addressing internal governance requirements.
  • Over 70% of respondents are actively seeking to at least consolidate IT infrastructure in all areas of their business from sales and trading, through risk and market connectivity, to post-trade processing, in the next three years.
  • The area that will see the most comprehensive rethinking of infrastructure (19% of all respondents) will be in post-trade processing.

Download your copy of the free report Capital Markets Set for Transformation to get the exact survey figures and benchmark your current strategy to industry trends. Registration required.

Related Posts

Previous Post
BNYM and OMFIF: Sovereign Wealth Funds and Central Banks Emerge as Large Scale Collateral Providers
Next Post
ISLA March 2016 Securities Lending Report now online

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset Password

Create an Account