thegrcnetwork

The three elements of GRC play the following roles in a company. Governance captures a company’s overall system of rules, regulations, practices, and guidelines to operate, control and manage its business. Governance sets the tone of the behaviour, culture, ethos, and regulatory structure that helps a company reach a healthy balance between all its major

The FCA published its final plans, the Policy Statement and Finalised Guidance, on 27 July 2022 with their new Consumer Duty, introducing a higher level of consumer protection across retail financial markets. The implementation deadline for most of the final rules is only a year away, with the regulator expecting firms to carry out all

In April, the FCA published its three-year Strategy, setting out how it will achieve better outcomes for consumers and markets throughout the UK. Alongside that, the FCA published its latest annual Business Plan for 2022/23, setting out its priorities and actions over the next twelve months in support of the Strategy. We summarise the key

In response to the situation in Ukraine, the UK announced increased sanctions applicable to Russia on 24 February 2022. The Prime Minister who announced these described by them as “the largest and most severe package of economic sanctions that Russia has ever seen”. These are available on the Foreign, Commonwealth & Development Office website. This month’s insight provides

At The GRC Network, our tradition for every new year is to set the tone with the key regulatory themes in the year ahead. We do this to highlight the areas that GRC professionals should focus on for the year and identify how these changes could impact work carried out in the regulatory space.  Following