The financial services industry has faced several key issues including:

Trading & Risk Management Complexities - The explosive growth of derivatives & other exotic instruments has caused transaction volumes to surge and has dramatically complicated risk exposure.

Increasing Regulation - Some high profile lapses in corporate governance have prompted worldwide regulatory response including the Sarbanes Oxley & Patriot acts, Basel II and a host of anti money laundering measures.

Global Competition - Globalized markets and aggressive consolidation have commoditized products, compressed margins & intensified competition.