Investment Bank IT and Election

This is not talking about the relationship between finance and elections but only technology (IT impact). Therefore, it may point out the actions and concerns for the IT department to be prepared or aware of.

Market Volatility

Elections can introduce uncertainty and potentially impact financial markets. Stability is one of the most critical things to take care of in the investment bank, so this market volatility may impact the trading activities, handling transactions and risk.

Internal/external Investors and traders also should pay attention to the election process and outcome.

Regulatory compliance

Elections or results of elections often lead to changes in government policies and regulations, which can affect the financial industry. Regardless of the impact of change, investment banks need to adapt to new compliance requirements promptly, and sometimes it may cause not just hassle reports but huge changes in the IT structure or system.

IT systems play a crucial role in meeting regulatory obligations, as they enable banks to track, report, and ensure transparency in their operations.

Cybersecurity Risk

Elections can be targeted by cyber attackers, they may be shaped as hacking attempts, disinformation campaigns, or attacks on critical infrastructures. Then what is the relationship with the investment bank? IBs are attractive targets for cybercriminals or those hacking financially sensitive data.