Financial Stability and Regulatory Compliance
The 2008 financial crisis demonstrated how a seemingly delimited event can have consequences that span far beyond any one company or sector. When a large, interconnected organization fails or experiences significant disruption, a ripple effect can spread through the marketplace, destabilizing economies and causing entire industries to collapse. It often behooves intervention on the part of governments and regulators to prevent further contagion and design policy responses that can avert or mitigate similar crises in the future. Organizational leaders must remain vigilant to anticipate and respond to financial instability and systemic phenomena, and GRI stands ready with information and support.
The corrective measures taken by public authorities to hedge against volatility or system failure can also be a source of concern in and of themselves for risk managers. Government oversight, compliance demands and ethical standards impose duties and obligations that financial institutions must satisfy. Failure to keep abreast of regulation and industry best practices can jeopardize a firm’s legal standing, reputation and earnings. GRI is further committed to helping our members improve processes, refine governance systems and build strategies to highlight the most salient regulatory risks.