Most Financial Professionals Doubt Their Technology Is Ready for ORSA, IFRS
Second annual StoneRiver survey indicates a lack of enterprise risk management, readiness for changing regulatory climate.
June 19, 2012
Only half of respondents to the “Financial Regulatory Survey,” from StoneRiver, have an enterprise risk management (ERM) process, and 23 percent of them said it’s not a formal process with reporting. An additional 12 percent are in the process of developing an ERM process.
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