From March to July 2006, AIM Software conducted a Global Data and Risk Management Survey of 1,027 financial institutions in 77 countries. The report provides in-depth insight into global trends and developments in the financial industry. Key issues such as risk management, Basel II, higher data quality, outsourcing and the integration of straight-through processing solutions are on the top of the agenda for financial institutions and will continue to shape IT investments over the next few years. Key findings are featured here.

Figure 1: The main motivation for implementing risk management in financial institutions is to comply with regulations. Survey results indicate that improved efficiency is no longer considered a side effect of risk management: Fifty-three percent of the respondents named it as an important driving force for implementing a risk management solution. Institutions are starting to see risk management expenditures as a benefit, not just a cost.

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