In Search of a Silver Bullet for Risk Management
Source: Ernst & Young
With government funding of the financial services sector in full swing nearly the world over, all eyes are focused on how financial institutions manage their businesses and control their risks. For the foreseeable future, the industry can expect elevated levels of distrust, scrutiny and regulation. While the campaign to improve holistic Governance, Risk and Compliance (GRC) is by no means new, the stakes and costs associated with weak performance have risen. An organization's ability to implement a seamless and holistic risk management program - one that successfully achieves alignment among business, financial, technological and compliance risks - is increasingly viewed as a catalyst for competitive advantage.