De-Risk – Safeguard the Enterprise - Insights from TCSInsights from TCS
Understanding the Total Cost
of GRC
For years, firms did not know the total cost of GRC. Now the GRC Code Set will advance GRC spend management and expand Big Data analytics opportunities. Understanding the Total Cost of GRC
  • Today, banks in the capital market space are confronted with a tough growth environment and cost discipline, notwithstanding the increasing cost of compliance, demand for more transparency, stringent regulations and the scrutiny of complex products.
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																			Economies? In April 2010, the International Monetary Fund (IMF) presented a report named “A Fair and Substantial Contribution by the Financial Sector” on a recommendation given by G20 after considering a rejoinder to the financial crisis. The introduction of Financial Transaction Tax (FTT) was considered to be one of the alternatives to finance the economic chaos caused by the crisis. The FTT will be effective from January 2014.
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  • The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 by the United States (US) to improve tax compliance with regard to offshore accounts of the US citizens. Foreign Financial Institutions (FFIs) will need to report to the IRS the US accounts they handle or be subject to a 30% withholding tax on any US-sourced income and sales proceeds. By tracking down delinquent US taxpayers, the IRS expects to raise an additional $8.7 billion in taxes over the next ten years.
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    CFOs are developing a new relationship with risk in today’s era of global business volatility, complexity and velocity. The risk-averse are being overtaken by the “risk-ready.” Learn how risk management can help you attract more partners, customers and suppliers and take bolder business initiatives. Doing a rigorous analysis of information on hand today, and integrating it with more forward-looking practices and predictive data, can position enterprises to grow and prosper.
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