Minority of central banks use GRC platforms

RSA Archer and SAP named as providers

A minority of central banks use a governance, risk and compliance (GRC) system, the Risk Management Benchmarks 2022 show.

Central Banking asked officials from 30 central banks whether their institutions have a GRC system, of which 37% said they do.

GRC systems can help implement a systematic approach to risk management across a range of areas.

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BEHIND THE DATA: Central banks in emerging market economies were more likely to use GRC systems (41%) than in advanced economies (25%). 

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