Change in recent regulation has been fast and furious for many reasons. The credit crunch, EU harmonisation, increased financial crime, BREXIT, COVID 19 are but a few examples and there will always be more. This has led to heightened regulatory expectations with respect to the degree to which firms must focus on compliance and risk as well as the resources dedicated to these disciplines.
GRC helps you build horizontally (across the regulatory subject matter) and vertically (up and down a business line/all business lines) addressing the above model, recognizing that one size does not fit all.