Wednesday, May 16, 2007


From an article on MiFID:

You can say one thing for a business disaster these days: it's usually a lucrative "opportunity" for IT people.

Sarcasm it might sound, there seems to be some truth in it. While businesses may consider regulations such as Basel Accord or NMS as a burden, they certainly create many opportunities in the IT front. The same probably applies to accounting industry on the SOX.