Blog

The groundbreaking collaboration between EFRAG and GRI promises a unified approach to sustainability reporting. Bridging GRI Standards with the ESRS, they're setting a global benchmark. This alliance not only streamlines reporting but also amplifies global sustainability efforts.

In today's interconnected business landscape, Third-Party Risk Management (TPRM) is pivotal. As firms increasingly rely on external partners, the potential for risks grows. Effective TPRM ensures businesses can benefit from third-party collaborations while adeptly managing potential threats.

Central Bank Digital Currencies (CBDCs) are reshaping global finance, offering secure alternatives to traditional money forms. However, challenges like potential disintermediation and data privacy concerns loom.

The PRA's updated framework on GSIIs highlights a global shift towards synchronized financial regulations. As banks span continents, unified rules become vital. The inclusion of trading volume and insurance subsidiaries reflects modern banking's multifaceted nature.

Selecting the ideal GRC software for financial institutions demands thorough scrutiny. From understanding unique institutional needs to examining vendor credibility, security standards, total costs, and future adaptability, every aspect plays a crucial role.