GRC special report: editor's letter

GRC interest heightens

For the financial sector, as for philosophers, the ideal is to have rigidly defined areas of doubt and uncertainty. But the rules of finance are continually changing – the reaction to economic crisis and high-level wrongdoing has come in the form of multiple far-reaching laws with an uncertain effect. Guesswork still surrounds the final shape of the US Dodd-Frank Act, the Volcker Rule, the Basel III capital adequacy rules, the Foreign Account Tax Compliance Act, and so on.

Although this may be