{"id":11058,"date":"2016-06-08T11:37:52","date_gmt":"2016-06-08T09:37:52","guid":{"rendered":"http:\/\/vhtbe04p\/?p=11058&lang=it"},"modified":"2018-12-07T22:39:07","modified_gmt":"2018-12-07T21:39:07","slug":"is-grc-just-another-acronym-or-a-real-opportunity","status":"publish","type":"post","link":"https:\/\/www.be-tse.it\/it\/is-grc-just-another-acronym-or-a-real-opportunity\/","title":{"rendered":"Is GRC Just Another Acronym Or A Real Opportunity?"},"content":{"rendered":"

We all know that, in response to the recent financial crisis, regulators across the globe are focusing on a more robust supervision of all players in the financial services industry. A key effect of this trend is not only the launch of an increasing number of regulatory initiatives but also the fact that the Compliance function will become increasingly important in the near future. <\/span><\/p>\n

In February 2011, one of our major clients launched a project aimed at reinforcing, mapping and harmonising the so-called \u201csecond level controls\u201d throughout the Group, on the key regulatory areas that fall under the Compliance function remit; as a result of this initiative, our client\u2019s Global Compliance Framework went into effect in June 2011. In addition, in May 2012, their IT Department launched a project aimed at providing the whole Group with a new platform to be able to manage all three levels of controls (from Internal Controls to Internal Audit through Compliance) on a single system. This platform is based on a market standard solution widely used in the Governance Risk and Compliance space.<\/span><\/p>\n

The Open Compliance and Ethics Group (OCEG) defines GRC as a \u201csystem of people, processes and technology that enable an organization to\u201d:<\/span><\/p>\n