A Complimentary Webinar Discussion on

Business Continuity in Regulatory Reporting
Opportunities through IT Outsourcing and Cost Effective Strategies for Forward Looking Banks

Tuesday, 23 June 2020

9am BST | 10am CET | 4pm SGT | 6pm AEST

Produced in Partnership with

About This Webinar

Our financial system is much more secure today than before the financial crisis, but the associated regulatory costs for banks are enormous. Low interest rate environment, digitalization, new competitors and the current economic crisis triggered by the coronavirus pandemic are putting massive pressure on the financial services industry.

Supervisors in Europe have taken measures in response to the crisis to somewhat ease the regulatory pressure on financial institutions in the short term, for example by postponing stress tests and Basel III finalisation, as well as new simplified regulations such as the Investment Firms Directive (IFD).  However, as the countries pursue to obtain better and more timely data to mitigate their risks, we can expect that the current crisis will accelerate the shift towards more data granularity and near-to-real-time reporting. Thus, in the mid-term the regulatory pressure on financial institution will increase. The banks must therefore think about new models of cooperation. Standardisation, industrialisation and automation are logical ways of exploiting economies of scale across borders.

Furthermore, the Covid-19 pandemic has made Business Continuity Management (BCM) a priority. Corresponding requirements by supervisory authorities have already been in place for years, for example Guidelines on ICT and Security Risk Management by the European Banking Authority (EBA) or  Technology Risk Management Guidelines by the Monetary Authority of Singapore (MAS).

In this context, more and more institutions are taking the step of outsourcing important processes that are not part of a bank's core business, such as regulatory reporting. Outsourcing in the form of application management and operation as managed services or complete business process outsourcing can reduce IT operating costs and relieve the burden on personnel capacities.

In the webinar, our expert panel examine:

  • What measures in the area of regulatory reporting did supervisory authorities take in reaction to the current crisis triggered by COVID-19 pandemic? What effect do they have on financial institutions and the whole industry?

  • Business continuity management in regulatory reporting

  • Managed services in regulatory reporting and BCM:  Challenges and opportunities

  • How can IT outsourcing setup look like?

Webinar Panel
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Niresh Rajah

Senior Financial Services Leader - Regulatory Change, Chief Data Office & RegTech Leader

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Colin Ware

Global Head of RegTech

PANEL MODERATION BY

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Moritz Plenk

Head of RegTech Factory

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Dr. Maciej Piechocki

Member of the BearingPoint RegTech Management Board

 
 

During this webinar the Expert Panel discuss:

What measures in the area of regulatory reporting did supervisory authorities take in reaction to the current crisis triggered by COVID-19 pandemic? 

Business Continuity Management in Regulatory Reporting 

Managed services in regulatory reporting and BCM:  Challenges and opportunities 

 How can IT outsourcing setup look like?

 
About
BearingPoint RegTech

BearingPoint RegTech, a business unit of management and technology consultancy BearingPoint, is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services along the Regulatory Value Chain for financial services. Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint RegTech's products and services. BearingPoint RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. BearingPoint RegTech combines regulatory know-how with proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, managed services and training seminars. 

For more information, please visit: www.reg.tech 

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Covent Garden,
London, WC2H 9JQ

+44(0)20 3946 3244

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