In this podcast Darren Wray (CEO of Fifth Step) is interviewed by Chris Don about the importance of a holistic approach to IT Governance.
As regulatory requirements become increasingly global in nature, more insurers now understand the importance of adopting a holistic approach to regulatory and governance requests. Too many insurance companies, however, are still dealing with regulation in a piecemeal fashion as opposed to looking at what is likely to be required in implementing a holistic framework...
From a governance perspective, any co-sourcing or out-source contract can only out-source the function not the responsibility. Any organisation that is working with third parties to provide functions, need to have a vendor management system in place.