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June 17, 2014 | Palo Alto, California: MetricStream, a market leader in Governance, Risk, and Compliance (GRC) Management solutions, participated and co-sponsored the Annual Auditors Society Regulatory Dinner organized by the Securities Industry and Financial Markets Association (SIFMA) in New York City on June 9, 2014. Several notable members from major regulatory bodies such as the CFTA, the SEC, FINRA and the Federal Reserve Bank of New York convened to share insights on their key priorities and key areas concern.

During the course of the dinner, regulators discussed the increased focus on ensuring the creation and execution of comprehensive risk governance frameworks and controls across company business and functional silos, spanning all types of risk. Regulators also emphasized the need to improve their validation and reliance on company internal audit results, given the increasingly strategic role internal audit functions play within companies

Financial institutions facing serious risks associated with liquidity, funding, regulatory changes, cybersecurity, customer data breaches, fluctuating markets, and volatile economic conditions. There is also increasing pressure from constantly changing regulations and updates to compliance mandates such as Basel III, Dodd-Frank Act, Solvency II, the Consumer Financial Protection Bureau (CFPB) in addition to several other state and federal laws. In order to build an organization’s resilience towards existing and emerging risks, the internal audit team’s focus on risk management must take into account the need to be agile, responsive, and adaptable to change. Leveraging technology to drive audit activities including periodic evaluations to identify gaps and design new risk management strategies can bolster the organization’s resistance towards evolving risks and threats.

MetricStream’s next generation Internal Audit Management Solution efficiently manages different types of audits across a wide range of audit-related functions and processes. MetricStream solutions, which won accolades as ‘Top ranked GRC offering - 2014,’ offer customers agile, intuitive, and forward-looking solutions that are designed with today’s risk, compliance, and audit executives in mind. MetricStream solutions can enhance visibility and communication across various disciplines within the organization. The MetricStream Internal Audit Management Solution effectively manages the complete audit cycle, as well as facilitates the integration of audit practices with broader risk and compliance management.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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