The risk of a double dip recession is steadily rising as countries observe a slower growth rate and global markets continue to swing wildly. Last week, major media outlets were buzzing with headlines about a double dip as well as the approach of Hurricane Irene. Unsure which of the two looming disasters was worse, readers were left fretting, feeling vulnerable and apprehensive about the future. Growing concerns about a possible double dip recession is putting immense pressure on decision makers and corporate leaders to take prompt and accurate measures to ensure a continued recovery.
In a survey completed late in 2010, FSOkx found that reducing operational costs was the top objective for managers, followed by operational efficiency and risk management. Organizations must ensure that their pillars are strong enough to withstand the approaching winds of a double dip recession.
Making investments in business process management can help financial services organizations reduce operational costs and shore up their foundations. Adam Bryan, Managing Director, Depository Trust & Clearing Corporation (DTCC) will share his thoughts on how BPM can rescue the financial services industry at the FSOkx 2nd Annual Business Process Management and Technology Innovation Forum and Expo on October 5 in New York. Join the discussion at the event and please feel free to share your thoughts at editors@fsokx.com
