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Published in:
2007 | OriginalPaper | Chapter
Process and the Organization: Policies and Behavior
Authors : Terence Sheppey, Ross McGill
Published in: Sarbanes-Oxley
Publisher: Palgrave Macmillan UK
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For financial services, perhaps more than any other industry, the concept of a “process” is essential to defining its value to itself and to the world. It is used in a general sense, as a way of loosely grouping or referring to activities that have some kind of connection in a sequence; it is also used in a specific way by analysts and traders who link lender and borrower in a web of processes that crosses companies, markets, and borders. The threads of processes are the stuff of financial activities, especially in the electronic world of the information economy, where transactions rarely become “physical” and usually remain abstract.