Almost nine out of 10 IT directors working in the financial services sector say complying with regulatory requirements is crucial to their business, but only a minority are confident about their capabilities in several compliance areas, such as document management and archiving and retrieval systems.
The findings, from a survey by research firm Freeform Dynamics, were collected against the backdrop of an increased compliance burden on financial services, with regulations such as Sarbanes-Oxley in the US and Basel 2 and the forthcoming MiFID directive in Europe looming large.
Although financial services regulation is increasingly demanding the effective retrieval and archiving of held data, only a minority of respondents said they were fully satisfied with their data management capabilities.
See full Article.
Posts
