Abstract
This Financial Insights report discusses our annual analysis of strategic IT
initiatives in risk management for Asia/Pacific banking financial service
institutions (BFSIs). It incorporates perspectives from our primary research
and analysis, coupled with knowledge garnered from interactions with clients
and system providers.
"In this report, we identify the top 10 risk initiatives that will have key
strategic importance during 2008. We outline these initiatives, examine their
impact on the BFSIs and the technology firms that serve them, and explain why
they should be on the minds of chief risk officers at every financial
organization across Asia," explains Li-May Chew, CFA, senior research manager
for Financial Insights' Asia/Pacific Risk Advisory Service. "The initiatives
may not necessarily correlate to those of greatest investment spend, but
focusing on them will position financial institutions better to incorporate
robust risk management frameworks into their businesses. Meanwhile, IT vendors
seeking to align their initiatives with BFSIs' risk intelligence programs can
better allocate their resources into areas that are imperative to clients."