One of the by-products of the collapse of Enron and 9/11 has been a rise in corporate governance regulations. The Patriot Act, Sarbanes-Oxley, Basel II and other legislative manoeuvres all point the finger at every executive to be accountable for their organisation’s compliance. In banking, technology is a critical component in achieving compliance.
But technology cannot be operated in isolation; it has to be owned by the executive committee agenda. Without the committee’s full involvement, technology will not succeed as an enabler of compliance.
