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EDPACS
The EDP Audit, Control, and Security Newsletter
Volume 32, 2004 - Issue 2
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Original Articles

Risk Management Systems: Understanding the Need

 

Abstract

Spending on risk management technology is significant and on the rise. The TowerGroup estimates that the total outlays on this technology will exceed $40 billion in the next couple of years. Clearly, one of the main drivers of this spending is the evolving regulatory requirement for more advanced systems to better manage risks — especially the 2002 Sarbanes–Oxley Act and the modified Basle Capital Accord coming into effect in 2006.

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