Governance, risk and compliance (GRC) is still evolving from a regulatory must-have that is only viewed as a cost centre to an important initiative, to a system that delivers real and sustainable value to the organisation. With the focus on risk management extending from financial governance to operational governance, companies can gain valuable tools to identify and minimise risks.
Issues under discussion include how operational risk management (ORM) is back in the spotlight for financial institutions, how effective operational governance is required to improve ORM and the importance of having a comprehensive organisational understanding.
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