Governance, risk and compliance (GRC) as a strategy is still a relatively new kid on the block, and executives are faced with some stiff implementation challenges. Victoria Pennington takes a look at the expected and unexpected challenges presented by GRC
NEWS
Software vendors have widely varying ideas on the best ways to approach GRC, but surprisingly some admit that technology can only do so much at its current level of development. Others - though they are not prepared to go on the record - doubt that some large, multinational and multi-divisional financial services firms will be able to implement a GRC system.
Operational risk executives generally agree that the idea of GRC is good, but some are not convinced that the cost in time and resources of
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