Stamford, Conn. (April 23, 2003) - In 2003, 42 percent of large financial services providers plan to spend between $500,000 and $2.5 million on IT for risk management, accounting for up to 9.2 percent or more of the average 2003 IT budget, according to a survey by Gartner Inc.

New regulations, market volatility and heightened exposure are forcing financial services providers to place increased focus on risk management.

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