Institutional pressures on financial services firms: the role of information systems in regulatory compliance

Currie, W. and Gozman, D. (2014) Institutional pressures on financial services firms: the role of information systems in regulatory compliance. In: 8th Mediterranean Conference on Information Systems, 3-5 September 2014, Verona, Italy.

Abstract/Summary

The financial crisis of 2008 led to new international regulatory controls for the governance, risk and compliance of financial services firms. Information systems play a critical role here as political, functional and social pressures may lead to the deinstitutionalization of existing structures, processes and practices. This research examines how an investment management system is introduced by a leading IT vendor across eight client sites in the post-crisis era. Using institutional theory, it examines changes in working practices occurring at the environmental and organizational levels and the ways in which technological interventions are used to apply disciplinary effects in order to prevent inappropriate behaviors. The results extend the constructs of deinstitutionalization and identify empirical predictors for the deinstitutionalization of compliance and trading practices within financial organizations.

Item Type	Conference or Workshop Item (Paper)
URI	https://reading-clone.eprints-hosting.org/id/eprint/37524
Refereed	Yes
Divisions	Henley Business School > Business Informatics, Systems and Accounting
Uncontrolled Keywords	Financial Services Industry, Investment Management Systems, Institutional Forces,Regulatory Compliance
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