Only 5% of firms see the swiftly approaching need for FSA compliance as a burden, revealed research commissioned by software provider FileNet.
It said three quarters of respondents (74.5%) viewed compliance as a positive opportunity for improved business performance.
But only 4.7% of companies felt 100% certain of their ability to address regulations.
FileNet said the survey results were based on the responses on the heads of IT and compliance at leading UK financial services and insurance organisations.
Compliance is to be the primary objective for investment in IT systems over the next 18 months. Responsiveness and transparency to regulators were the main criteria companies were looking for in IT investment.
The research also revealed that 83.8% of companies still view compliance as a one-off issue rather than an on-going business concern.
