The purpose of this one-day seminar is to give you an update on developments within financial technology
and to discuss
the practical issues regarding the use of IT in modern financial
We first discuss the challenges and opportunities that
have evolved in the wake of recent years' financial,
technological and regulatory developments. We explain how the globalization
of financial markets, the proliferation of increasingly complex financial instruments,
the mutation of financial risk, new accounting principles, and regulatory
initiatives such as "Basel II" have lead to the demand for more
sophisticated, integrated IT solutions.
Against this backdrop, we discuss how you can define
an IT policy with its associated procedures and controls,
and we explain how you can formulate and implement an effective IT strategy.
Further, we look at how financial management systems should be designed to
provide for effective and efficient interrelationships between software,
hardware, personnel, procedures, controls and data.
Finally, we discuss the general features
and requirements of good IT systems and the pros and cons of "buy",
"build" and "build and buy" approaches to implementing IT solutions in a financial
institution. We also give a broad, comparative overview of
available financial IT systems , and we discuss important issues
related to the purchase, installation and maintenance of such systems.