Risk Management Spending on the Rise in a Period of Diminishing Budgets

Featuring: Bob McDowall, Research Director, Europe

Moderator: Ralph Silva, Research Director, European Banking & Payments

Risk management has always represented a significant portion of IT budgets, but apparently those expenditures were ineffective. The lack of suitable risk management capabilities have been blamed for the current economic predicament. Banks have been trying to address the problem, increasing expenditures on risk infrastructures by 5.8% year over year since 2006, but TowerGroup believes this is only the start. Bob McDowall, Guillermo Kopp, and Rod Nelsestuen have just completed their spending predictions for risk-related IT infrastructures and published their finding in a report titled “Global IT Spending Forecast for Risk Management: A Growth Opportunity for Business and Technology.” Bob takes us through their findings, highlighting the inevitable increase in spending levels, the diversity that we see through the G-20 nations and the reliance on governance and compliance models.