Expert, Digital Governance Platform Department
In 2022, the amended Act on Promoting the Protection of Personal Information fully took effect and the Diet passed an economic national security law, giving Japan an updated suite of legislation related to governance, risk and compliance (GRC). These events prompted NRI to conduct an interview survey of 11 US and European financial institutions regarding their GRC regimes in collaboration with Cutter Associates. The survey inquired about costs, tools and organization- building in the aim of elucidating the present state of the survey respondents’ GRC programs and identifying their current priorities.
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