Banks widen scope of IT budgets

Jeremy Hill, head of foreign exchange and money-market operations at Royal Bank of Scotland (RBS), said that in the past few years RBS’s primary focus has been on managing capacity to cope with the exponential growth in volumes seen from its high-frequency trading, prime-brokerage and retail businesses. “That will continue, but I think we will start to see a little more focus now on the client side of the business and what we can do for them,” he said.

Mike Thrower, director of banking business