Authored on: Jan 27, 2012
Effective IT governance, risk management and compliance (GRC) is essential for financial institutions to meet increasingly stringent regulatory and audit requirements and reduce business operational risk. By instituting the appropriate IT GRC controls, organizations can demonstrate regulatory compliance in areas of specific concern to auditors.
At the same time, these controls can take organizations beyond the immediate need to pass an audit and into the realm of reduced operational risk exposure through process improvements.
IBM offers extensive capabilities through its Rational and Tivoli software offerings to help financial institutions deal with specific regulatory and audit requirements, as well as with issues affecting long-term, ongoing operational risk management.