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Pre-Conference Workshops - 20 February Monday

09:00 AM - 1:00 PM Workshop A: Managing Your Cross-Border Compliance Risks (CANCELLED)

Andrew Robertson, Regional Head of Markets Compliance, Asia Pacific, Deutsche Bank AG
In a global economy, cross-border financial services have always been an important pillar vital to maintaining competitiveness in the financial market. Following the global financial crisis in 2008, compliance in cross-border financial services has moved towards the center stage.

The key challenge faced by financial institutions is with the diverse regulatory and tax requirements of every jurisdiction which increases regulatory, compliance and tax risks.

In view of this, how can your organisation better improve your cross-border compliance strategy? How effective is your cross-border compliance strategy in meeting both the compliance requirements and business objectives?

Learning Outcomes
  • Developing a standard, flexible cross-border compliance methodology and operating model that best fits your organisation’s needs, challenges and culture
  • Identifying and mitigating risks in cross-border financial activities
  • Best practices on centralised control and communication platforms in client-compliance relationship management across borders
  • Compliance technology: How much to invest and what to invest, for a seamless global execution?
  • Re-assessing your cross-border compliance strategy keeping pace with regulatory changes

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Andrew Robertson

Regional Head of Markets Compliance, Asia Pacific
Deutsche Bank AG

1:00 PM - 4:00 PM Workshop B: Effective Risk Management, Internal Governance & Control over the Outsourcing Cycle (CANCELLED)

Mary Low, Director and Head of Operational Risk and Process Management, Societe Generale
Financial institutions are increasingly outsourcing significant parts of their regulated and unregulated activities such as information technology, back office operations and contract functions, to third party vendors. Although outsourcing can reduce costs, increased reliance may impact on the ability of financial institutions to manage their risks and monitor their compliance with regulatory requirements. Offshoring may pose even higher risks as vendors operate offsite and may not be regulated.

With the increasingly complex outsourcing arrangements, how can financial institutions be confident that they are in control of their own business and business risks? In terms of offshoring, how can we mitigate cross-border risks and ensure that third-party vendors are complying with regulations?

Learning Outcomes
  • Best practices on structure governance and oversight programs for each phase – onboarding, risks assessment, monitoring to off-boarding – in the Third Party Relationship Lifecycle
  • Case studies illustrating an effective risk-based approach to performing due diligence on your third-party vendors
  • Driving cooperation between operational risk and compliance personnel in ensuring adherence to outsourcing guidelines
  • Costs vs. benefits: How to translate outsourcing risks to generate business value and value-add your organisation?
  • Using Implementation Maturity Model (IMM) to devise an effective third-party risk management program

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Mary Low

Director and Head of Operational Risk and Process Management
Societe Generale