Innovations in products and trading strategies, some driven by new technologies, have contributed to ongoing growth in the turnover of these markets, with hardly a pause for the Global Financial Crisis (GFC) (Figure 2.) The amounts involved are very large globally. The foreign exchange market alone now accounts for over $ trillion per day.
With the high rate of technological obsolescence, the need for proper IT governance, particularly in the case of banks, is gaining more prominence. You would agree with me in saying that adoption of IT Governance in banks would result in effective control on, and better utilization of, the huge IT infrastructure created by banks. 7.