In the face of an increasingly complex and uncertain commercial and regulatory environment, financial services organisations are looking to develop a more proactive, systematic and integrated approach to governance and risk management.
Effective
enterprise-wide risk management underpins sound governance and related compliance requirements by providing a comprehensive framework of internal controls and reporting procedures. The enterprise-wide approach focuses both on familiar financial risks and harder-to-measure—though equally important—strategic, operational and reputational risks. The results are enhanced stakeholder confidence and sustainable value creation.
The majority of chief executives taking part in PricewaterhouseCoopers’ 8th Annual Global CEO Survey believe that effective governance, risk and compliance (GRC) can help improve decision-making, operational excellence and responsive stakeholder management. However, only a third are confident that they have achieved effective management of GRC.
How PwC can help you
PricewaterhouseCoopers has a local and global network of specialists that can provide solutions to all matters related to risk management including policy and strategy,
risk-based capital management, benchmarking, systems selection and development,
enterprise-wide risk management and integrated governance, compliance and risk management solutions.
