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Analyst firm Tower Group has found that financial firms will increase their spending on operational risk management IT to £4.5bn from £2.8n.

The usual suspects raise their head, Sarbanes-Oxley, Basel II and data integration. Sarbanes-Oxley was introduced following the Enron and WorldCom scandals. Basel II relates to more tightly defining the risks faced by individual banks.

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Similar Areas

Risk Management Items

Basel II Items

Sarbanes-Oxley Items

Finance Items

Accounting Items

Selected Books
Sarbanes-Oxley and the New Internal Auditing Rules

How to Comply with Sarbanes-Oxley Section 404

Keywords

Tower Group

finance

financial

operational risk management

risk management

Sarbanes-Oxley

Basel II

Basel 2

banks

financial institutions

risk