This section contains the review of the macro-context on the literature reviews for this research study. This contains an assessment on the macro-context of the IT Risk Management wherein the study will be conducted, a discussion on the specific key issues involved in such a particular context, a discussion on the theories to be used, the concepts (terminology) to be adopted and the researcher’s personal views about the issue. Moreover, this section will discuss how globalization relates to the IT Risk Management function.
The context of this particular study in pursuit of an effective and appropriate organizational design or structure for the IT Risk Management Organization of Global Financial Institutions is an era of an on-going phenomenon called “globalization” which according to Wilson, (1998) refers to the quantitative and qualitative expansions in trans-border flow of activities and ideas.
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