In the immediate aftermath of the financial crisis, as regulators focused their attention on a culture of poor risk management practices that were at the heart of the global economic meltdown, Wall Street firms sought to appease hawk-eyed industry watchdogs and investors – as well as comply with new regulations – by sharply increasing their spend on risk management technologies.

But as the memory of the financial crisis begins to wane and firms’ new, improved risk management practices become operational, worldwide IT risk spending is slowing at a faster rate than previously expected.

This year, overall worldwide IT spending in risk technologies and services is expected to grow at a compound annual growth rate (CAGR) of 5.45%, lower than previous forecasts, according to a new IDC Financial Insights report “Pivot Table: Worldwide IT Spending 2013-2017 – Worldwide Risk IT Spending Guide, 1H13.”... Read full story on Wall Street & Technology

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