Outline the importance of effective Governance, Risk and Compliance (GRC) in Saudi’s Banks by addressing the local and global regulators, economies and political environments changes over the last years.

This assignment is outlines the importance of effective Governance, Risk and Compliance (GRC) in Saudi’s Banks by addressing the local and global regulators, economies and political environments changes over the last years, the current and future local and global regulators developments, the impact of the media and political on the GRC environment in Saudi’s banks, the impact of the GRC function on the bank’s structure, strategy and objectives, regulatory risk management barriers and the opportunities and threats on our bank in regards of GRC.

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