Presenting Speakers
Peter VissersHead of Business Development
Robert CruzVice President, Information Governance
Patrick F. CamposChief Strategy Officer
About the Session
Financial Institutions are being asked to demonstrate true end to end control over their regulatory change management. Regulatory changes on multiple fronts are requiring upgrades to the way projects are done, policies are maintained, reports produced, data quality is checked, agreements are signed and suppliers are contracted. What have leading RegTech implementations shown about what does it takes to put ‘end to end’ solutions in place and what have the benefits been?
Regulatory Challenges
- Updated MiFID II compliance guidelines here
- Risk identification and ownership
- Control expectations and policy creation
- Control and procedure design and implementation
- Compliance reporting and assurance
New RegTech/SupTech drivers
- HKMA regulatory adoption practice guide: Governance, Risk and Compliance here
- Horizon scanning in the face of 28,000 relevant documents per year
- A single source of truth and seamless user journeys across hundreds of overlapping rules
- 360 degree view of all risk perspectives (e.g., Legal risk, Market, Operational risk)
- Trade association glossaries, industry domain models e.g., CDM
- Standardised way of working across all three lines of defence, departments and geographies
- The ability to prove compliance to the regulator including who approved what and why