What Do You Fear?
Fear—it's a powerful motivator. And we all have different fears.
Some love market volatility; some dread it like a plague. Some embrace cloud technology; others see it as a disaster waiting to happen. These are scary times, so let's examine the role fear will play in firms’ goals for 2012.
Toward the end of 2011, I began asking my contacts two simple questions: What do you fear about 2012? What do your clients fear about 2012?
Simple questions, complex answers.
Many told me they were worried about staffing. While skeleton crews have become the norm, there seems to be an expectation of more bloodletting this year. When the market falls apart and uncertainty prevails, cutbacks happen—both in staffing and budgeting—and IT projects get shelved or scrapped all together. And in uncertain times, a project’s worth is more likely to be determined by the immediacy of return on investment (ROI) than anything else.
The eurozone crisis is hanging like a guillotine over everyone's heads. Several firms have recently expanded into the region, only to find projects freezing up. (And it should be noted that my boss, Victor Anderson, believes that the ticking time bomb will come in the form of city and state debt in the US.)
The US presidential election this year means it’s only a matter of time before politicians start rallying against Wall Street to score easy points. This can also mean more regulation.
Despite all the uncertainty around the state of regulation, my US contacts are less fearful as far as technology is concerned. Even if rules aren't finalized, they have a better feel for what they’re up against this year, more so than in 2010 and 2011.
I do believe that by the end of 2012, with regulations, politics, and (hopefully) unemployment under control, we'll be in better shape entering 2013 than we were when the ball dropped in Times Square this year. Hopefully fear of chaos will serve as a driver to improve current conditions.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Bank-led consortium takes aim at position reporting
Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position reporting disclosures.
Verafin launches genAI copilot for fincrime investigators
Features include document summarization and improved research tools.
Waters Wrap: Open source and storm clouds on the horizon
Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.
DSB says industry is ready to meet UPI mandate ahead of deadline
The Unique Product Identifier will be required for certain OTC derivatives in the EU at the end of April, following US adoption in January.
‘Very careful thought’: T+1 will introduce costs, complexities for ETF traders
When the US moves to T+1 at the end of May 2024, firms trading ETFs will need to automate their workflows as much as possible to avoid "settlement misalignment" and additional costs.
Court case probes open-source licenses as movement stands at crossroads
The Software Freedom Conservancy’s lawsuit against TV-maker Vizio begins trial in California, raising questions about open-source licenses and the risks posed by adhering to them.
Waters Wavelength Podcast: Countdown to T+1
DTCC’s Val Wotton joins the podcast this week to discuss the impending move to T+1 in the US.
Consolidated tape hopefuls gear up for uncertain tender process
The bond tapes in the UK and EU are on track to be authorized in 2025. Prospective bidders for the role of provider must choose where to focus their efforts in anticipation of more regulatory clarity on the tender process.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- Women in Technology & Data Awards 2024: All the winners and why they won