Thompson: RBS Can Weather Global Economic Slowdown

LONDON--What’s the biggest IT issue facing banks in 2002? The global economic slowdown, says Ian Thompson, global head of technology development and architecture in The Royal Bank of Scotland’s Financial Markets division.

"In a slowdown, banks see falling revenues and falling budgets, while IT divisions are expected to do as much, if not more," he says. To compete as a lean, mean delivery machine, some will be forced to cut staff, although he says RBS is well-placed to remain competitive without