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Navigating the Risk and Regulatory Maze with a Clearer 20/20 Vision

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9 May 2016
Cubillas Ding

Abstract

Celent expects the growth of risk management and risk-related regulatory compliance technology spending in 2019 to hit $72 billion.

The regulatory reform agenda continues to have “long tail” impact on financial services, bearing on the industry’s capital, operating costs, resources, and competitive dynamics. In the report Navigating the Risk and Regulatory Maze with a Clearer 20/20 Vision, Celent examines how risk, capital, and governance-centric regulatory themes continue to shape the industry's imperatives and drive second order effects for risk technology strategies and investment decisions towards the next decade.

Globally, Celent expects the growth of risk management and risk-related regulatory compliance technology spending to hit $72 billion in 2019, at a 10.1% CAGR. This will constitute a significant part of total technology spending across banking, insurance, securities, and investment management sectors in North America, Europe, and Asia-Pacific.

Celent expects non-financial risk spending to grow faster, reaching 29% of total spending, while financial risk will still constitute the bulk of expenditures at 71%. However, from 2015 to 2019, we expect financial risk to shrink by 2.6%, while non-financial risk technology spending is expected to grow faster at 12.7% but only represent a third of the spending.

“Changing industry drivers and regulatory developments could be game-changing mid-term to long-term dynamics that will shape and drive strategic risk management priorities for banks and capital markets firms,” says Cubillas Ding, a research director with Celent’s Securities & Investments practice and author of the report. “Decisions around technology strategies and investments will determine a firm’s prospects into the new decade, 2020 and beyond.”

This 30-page report contains 14 figures and tables.

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