SunGard: BCBS239 – The $8 Billion Game Changer For Financial Institutions
The IT landscape of financial institutions is on the brink of fundamental change on a global scale. As executive managing boards around the world act on the strategic initiatives imposed by the Basel Committee on Banking Supervision’s latest principles for effective data aggregation and risk reporting (BCBS 239), the broader context of this regulation is becoming clear. Financial services decisionmakers are beginning to understand that BCBS 239 will require high levels of investment –
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