Do more with less

While financial institutions face considerable challenges to deal with new regulations and to overhaul their risk management practices, they do so at a time when profitability and ROE remains low. As a result, many firms are either holding their risk technology funding steady, or are even be reducing their risk function and technology budgets.

Considering the major steps that need to be taken by financial institutions just to continue to run the bank, risk functions will need to start doing