Firms Detail Cost-Cutting Efforts at Waters Conference
SPECIAL REPORT
New York--IT cost-cutting pressures are compelling firms to investigate a range of strategies from outsourcing deals to cutting edge technologies, according to some of the users who spoke at last week’s Waters magazine’s 2002 Financial and Risk Management Technology Congress in New York.
While risk management is one of the areas where banks are still spending money, there has been a shift to plain vanilla products and a movement away from market risk to credit risk offerings, says Joseph Masri
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