<p class="Pa5">This Chartis update recaps the following:</p>
<p class="Pa6">· Asset management sector to increase spending on middle-office processes</p>
<p class="Pa6">· European bankers to have their bonuses capped</p>
<p class="Pa6">· US banks report regulation and compliance as a top priority</p>
<p class="Pa6">· Risk technology budgets and salaries set to increase in the capital markets in 2011-2013</p>
<p class="Pa6">· Key market developments</p>
<p class="Pa6">· Key vendor updates</p>
<p class="MsoListParagraph">· Sector Performance – Quarterly Review</p>
<p> </p>
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