Investment banks also do huge volumes of transactional business - dealing in shares, bonds, fx and derivatives of those. And all of those need hundreds of risk

Investment banks also do huge volumes of transactional business - dealing in shares, bonds, fx and derivatives of those. And all of those need hundreds of risk reports either for management or regulators. The deal-makers can get by with a spreadsheet and a BlackBerry, but the rest needs serious amounts of technology. Ideally advisory business is balanced with dealing and financing, but different houses will be slanted one way or another.