Terms |
Definition |
| Accounting Compliance Software |
Software solution that assists companies to keep up
with rapidly changing legal requirements for accounting. |
| AML Compliance Software |
Software that help companies to comply with the Anti-money-laundering
regulations. |
| Anti-Money Laundering Compliance Regulations |
This legal program is designed to prevent money service
businesses from being used to facilitate money laundering
& the financing of terrorism. |
| Arrow ii Compliance Software |
Business software that helps companies to comply with
financial & accounting regulations. |
| [1]Audit Management |
Ensures that a company implements board-approved audit
directives. Audits ensure that information is reliable
& valid. They also assess a system's [2]internal control.
|
| Bank Compliance Software |
Software that helps companies comply with the regulations
& statutes regarding banking. |
| Basel Accord(s) |
Banking supervision Accords held at the Bank of International
Settlements in Basel, Switzerland. Rigorous risk & capital
management requirements are designed to ensure that a
bank holds capital reserves appropriate to the risks the
bank exposes itself. Such an international standard is
set up to help protect the international financial system
from problems that may arise if a major bank or a series
of banks collapse. |
| Basel 1 |
The second of Basel Accord. |
| [1]Basel 2 |
Observance of regulations created at the second Basel
Accord. |
| [1]Basel 2 Compliance |
A method of solving inconsistencies in companies & organizations
compliance with regulations created at the second Basel
Accord. |
| [1]Basel 2 Software |
See Basel 2. |
| [1]Basel ii |
See Basel 2 Compliance. |
| [1]Basel ii Compliance |
See Basel 2 Software. |
| [1]Basel Solution |
See Basel 2 Software. |
| Common Data Repository |
"1) A location where data is stored & maintained for
future retrieval.
2) A place where multiple databases, or files are made
accessible over a network.
3) A computer location that is directly accessible to
a user without having to travel across a network"
|
| Compliance Audits |
Audits are performed to ascertain the validity & reliability
of information. Also a compliance audit assesses a system's
internal control, ensuring that an organization complies
with legislation. |
| Compliance Management |
Ensuring that the actions of members of an organization
or company complies with a set of rules or legislation.
|
| Compliance Monitoring |
Monitoring to ensure that the actions of members within
an organization or company comply with a set of rules
or legislation. |
| Compliance Monitoring Program |
Often a software program which helps management ensure
that the actions of members within an organization or
company comply with a set of rules, legislation or policy.
|
| Compliance Software |
Tool to ensure that the actions of members within an
organization or company comply with a set of rules, policy
or legislation. |
| Compliance Software Data Sheets |
Document summarizing the performance & other characteristics
of the compliance software |
| Compliance Software Finance |
Tool to ensure that the financial transactions of a
company or organization complies with a set of rules,
policy or legislation. |
| Compliance Software for ISO |
Software that complies with regulations set by the International
Organization for Standardization (ISO) |
| [1]Compliance Software Solutions |
See [2]Compliance Software |
| Compliance Training |
Training sessions to learn about managing compliance.
|
| Convergence GRC |
A single Governance, Risk & Compliance software platform
which supports multiple GRC applications. |
| Data Center Security And ISO Compliance Software |
Securing a facility used to house computer systems such
as telecommunications, back-up & storage systems. See
Compliance Software for ISO |
| Financial Compliance Vendors |
Companies that sell Compliance Software |
| FSA Personnel Compliance Software |
[1]Compliance Software that ensures personnel systems
comply with [2]FSA regulations. |
| FSA Regulations |
Regulations created by the Financial Services Authority
(FSA). The FSA is a company (limited by guarantee) that
regulates the financial services industry in the United
Kingdom. It is an independent, non-governmental, quasi-judicial
body. |
| G.R.C |
"Governance, Risk Management & Compliance (G.R.C) is
a term outlining multiple overlapping & related activities
within an organization's operation. Governance: Creating
organizational transparency by defining the methods it
uses to ensure that constituents follow established processes
& policies. Risk Management: Setting an organization's
tolerance for risk based on business objectives. Compliance:
Recording & monitoring policies, procedures & controls
needed to comply with internal policies, legislative or
industry mandates." |
| [1]Governance Risk And Compliance |
See G.R.C. |
| [1]Governance Risk Compliance |
See G.R.C. |
| [1]Governance Risk Management |
See G.R.C. |
| [1]GRC |
See G.R.C. |
| [1]GRC Architecture |
Each GRC project can be managed autonomously, while
sharing relevant information with the other GRC projects
running in parallel. |
| GRC Convergence |
Reflects the new method in which organizations may adopt
an integrated approach to G.R.C. |
| [1]GRC Convergence Software |
Software platform enabling organizations to adopt an
integrated approach to G.R.C. using the [2]GRC architecture.
|
| GRC Data Model |
An abstract model that describes how GRC data is represented
& accessed. |
| GRC Datamodel |
Misspelling for Grace Data Model. |
| GRC For Insurance Companies |
See G.R.C. |
| GRC Framework |
See GRC Architecture |
| GRC In Basel |
See Basel 2 Compliance. |
| [1]GRC Internal Audit |
See [2]Internal Audit. |
| GRC Jobs |
Jobs in the field of [1]G.R.C. & [2]GRC Software |
| [1]GRC Software |
See GRC Convergence Software. |
| GRC Solution Architect |
See GRC Architecture |
| GRC Terminology |
Terms relating to GRC |
| GRC Training |
Training sessions to learn about managing GRC. |
| Integrated GRC |
See GRC Convergence. |
| Integrated GRC Framework |
See GRC Convergence. |
| Integrated Internal Audit Software |
[1]Internal Audit software that integrated into the
[2]GRC framework. |
| Internal Audit |
Analyzing business processes, procedures & activities
to help a company or organization achieve their stated
goals & objectives. The process includes highlighting
organizational problems & recommending solutions. |
| [1]Internal Audit Management Software |
Software used to manage the [2]Internal Audit process
|
| [1]Internal Audit Software |
See Internal Audit Management Software. |
| [1]Internal Audit Solutions |
See Internal Audit Software. |
| Internal Control |
A process effected by an organization's structure, work
flow, people & management information systems. Internal
control is designed to help the business/organization
accomplish specific goals or objectives. |
| Internal FSA Compliance Software Up |
[1]Compliance Software that ensures internal systems
comply with [2]FSA regulations. |
| [1]International Internal Audit Software |
Internal Audit Software that ensures compliance with
international standards. |
| Internet Banking 'Risk Management' |
The need to control the level of risk regarding online
banking. Strengthening & monitoring the security weaknesses
in Internet-based processes so not to create opportunities
for savvy hackers to compromise such systems & steal data.
|
| ISO Compliance Software |
See Compliance Software for ISO. |
| IT Governance, Risk and Compliance Software |
Sof?ware framework that aligns IT operations with corporate
objectives & standards as well as complies with international
standards & regulations. |
| [1]IT GRC Framework |
See [2]IT Governance, Risk & Compliance Software. |
| [1]IT GRC Solutions |
Software that solves the issue of IT risk & compliance.
|
| Law Firm Compliance Software |
Software that complies with regulations & standards
as set out for legal firms. |
| Legal Risk |
Risk from uncertainty due to legal actions. May also
refer to uncertainty in the applicability or interpretation
of contracts, laws or regulations. |
| Licence Compliance Software |
Misspelling for License Compliance Software. |
| Markets in Financial Instruments Directive (MiFID) |
Markets in Financial Instruments Directive (MiFID) is
a European Union law that enables a harmonized regulatory
system for investment services across the 30 European
member states. The goal is to increase consumer protection
& competition within the investment service industry.
|
| MiFID GRC |
Governance, Risk Management & Compliance (G.R.C) according
to Markets in Financial Instruments Directive (MiFID).
|
| MiFID Support Software |
Software supporting the MiFID regulations. |
| [1]Operational Risk |
Risk that arises from the execution of a company's business
functions. [2]Basel 2 defines operational risk as a loss
resulting from failed internal processes, people and systems,
or from external events. |
| Operational Risk And Basel 2/Solvency 2 |
See Operational Risk. |
| [1]Operational Risk Management |
Operational Risk Management (ORM) a continual process
that results in the acceptance, mitigation, or avoidance
of [2]operational risk. |
| [1]Operational Risk Software |
Software used to ensure [2]Operational Risk Management
|
| [1]Operational Risk Solvency 2 |
See Operational Risk. |
| [1]Oprisk Software |
See Operational Risk Software |
| [1]Regulatory & Compliance Software |
See [2]GRC Software. |
| [1]Risk Assessment Software |
See [2]GRC Software. |
| [1]Risk Compliance Software |
See [2]GRC Software. |
| [1]Risk Management |
Reducing different risks related to numerous types of
threats caused by environment, technology, humans, organizations
and politics. |
| [1]Risk Management Software Packages |
See [2]GRC Software. |
| [1]Risk Management Software Solutions |
See [2]GRC Software. |
| [1]Risk Management Tools |
See [2]GRC Software. ? |
| [1]Risk Measurement Solvency ii |
See Solvency 2. |
| [1]Sarbanes Oxley |
A United States federal law establishing new or enhanced
standards for all U.S. public company boards, management
& public accounting firms. It does not apply to privately
held companies. |
| [1]Sarbanes Oxley Software |
Software that enforces the [2]Sarbanes Oxley federal
law. |
| [1]Sarbanes-Oxley |
See [2]Sarbanes Oxley. |
| [1]Security Compliance Software |
See [2]Compliance Software. |
| [1]Software Solvency ii |
Software that complies with [2]Solvency 2 |
| [1]Solvency |
Paying off all of one's debts with cash. |
| Solvency 2 |
Updated set of regulatory requirements for insurance
firms that operate in the European Union. |
| Solvency 2 Software |
See Solvency 2. |
| Solvency 2 Standard Formula |
The Sturiale Consistency Ratio (SCR) is a straightforward
and reliable barometer of both risk and return. SCR rewards
funds that consistently beat their respective benchmark
& takes into account the margin by which they beat the
index "excess return". |
| Solvency ii |
See Solvency 2. |
| Solvency ii Operational Risk |
See Solvency 2. |
| Solvency ii Software |
See Solvency 2. |
| Solvency ii Solution |
See Solvency 2. |
| Solvency ii Systems |
See Solvency 2. |
| [1]SOX |
See [2]Sarbanes Oxley. |
| [2]SOX Compliance |
See [2]Sarbanes Oxley. |
