A worldwide wave ofregulatory change-exemplified by the Dodd-Frank Wall Street Reform Act in the United States-will bring "massive changes in terms of technology" in the securities industry.

"Virtually every new regulation brought about by the Dodd-Frank Act is going to require new technology solutions," said Tim Ryan, president and chief executive of the Securities Industry and Financial Markets Association, addressing the 2011 Financial Services Technology Leaders Forum and Expo.

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