Boston — In addition to being a calamity, the recent travails of the financial services industry have also been a catalyst. A new report from Boston-based Aberdeen Group Inc. “Continuously Compliant: Ensuring Proactive, Comprehensive Compliance” contends a greater investment in GRC tools is a necessity given the expected push toward closer regulation of all financial services industries, including insurance.
“In the wake of the sub-prime mortgage crisis and subsequent (and seemingly overnight) collapse of formerly billion-dollar blue-chip companies significantly increased attention has been placed on the current regulatory landscape,” the report, authored by Aberdeen’s Stephen Walker II, states. “Tighter regulation has been demanded by top political activists and officials from parties of all stripes.”
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