Author: Michael Versace

Methods and Practices
September, 2012  -  Doc # FIN237094
Number of Pages: 15
Number of Figures: 4

This IDC Financial Insights report defines a blueprint for ongoing end-user market research and risk product and services spending forecasts in banking, capital markets, and insurance sectors across global IDC regions.

"The 2012 edition of IDC Financial Insights' enterprise risk management taxonomy consolidates the spending model from eight to seven submarkets based on a clearer understanding of how financial institutions invest in risk technology and services. Seven risk technology submarkets capture and analyze capital investments and operational expenses tied to the risk discipline across the enterprise. Risk managers must use the enterprise risk taxonomy and submarkets as an industry standard from which to benchmark the completeness and effectiveness of existing programs, for determining the costs and budget requirements, and for defining requirements to the risk solution community," says Michael Versace, IDC Financial Insights research director for Global Risk.

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