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What roles are held within an organization by the primary buyers of Governance, Risk and Compliance (GRC) solutions?

A. IT Managers, Customer Support Managers

B. Chief Risk Officer (CRO), Chief Compliance Officer (CCO), Chief Information Officer (CIO), Chief Financial Officer (CFO)

C. Human resource manager

D. Marketing Director

What is one benefit for maintaining a centralized library of laws, regulations, and best practices?

A. Harmonized compliance programs for departments and focus areas to promote a standardized and efficient compliance approach

B. Unstructured documentation and remediation of regulatory requirements

C. Non-standard compliance for all regulations to deliver a holistic understanding of all compliance risks

D. De-centralized repository for managing and synchronizing governance with multiple regulations

What does the IBM OpenPages GRC Platform allows organizations to do?

A. Manage a predictive analytics framework to report to multiple regulators.

B. Manage XBRL content for Solvency II Pillar 3 requirements.

C. Manage risk and compliance across multiple regulations, including Basel II and Solvency II.

D. Manage risk and compliance across multiple regulations, excluding Basel II and Solvency II.

Which one of the following capabilities is NOT necessary for a fully scalable integrated risk and compliance management solution?

A. Document management and workflow

B. Issue remediation, integrated dashboards and dimensional reporting

C. Disparate systems and reporting

D. Surveys, assessments and key metrics

A recent International Data Corporation (IDC) Worldwatch study revealed that an average $500 million corporation is subject to at least 35 40 regulatory mandates. GRC solutions assist with managing regulatory mandates in a central library for automation and reporting. Which regulations below would a financial institution not be responsible for adhering to?

A. Basel II

B. Solvency II

C. Sarbanes-Oxley

D. Carbon Reduction Commitment