Company: Operational Risk & Regulation
Category: Operational Risk
Published: 04 November 2013
Operational Risk & Regulation Special Report: Governance, Risk & Compliance
Co-published by Oracle & CoreStream.
Nothing should worry banks more than failures of internal controls - the damage done, both in financial and in reputational terms, can be crippling. But, despite this, control failures continue, and make the case for focus on governance, risk and compliance (GRC) even stronger. Mis-selling has cost UK banks very dearly over the past few years (pages 6-9) and it's understandable that US regulators are now looking at overhauling customer care standards in the broking and advisory industries (pages 1-3). Regulatory pressure is also one of many reasons why insurers in the US are starting to take GRC seriously (pages 12-13).
Within this special report CoreStream offer a set of considerations when implementing or refining a GRC practice (pages 4 and 5) and Oracle discuss risk/reward and big data and how it can benefit the Governance Risk and Compliance process (pages 10 and 11).