Wednesday, 14 October 2020
7am BST | 2pm SGT | 4pm AEST

Business Continuity in Regulatory Reporting | APAC Edition

Opportunities through IT Outsourcing and Cost Effective Strategies for Forward Looking Banks

In Partnership With

Tokyo
Why This Webinar Panel Discussion?

The Covid-19 pandemic has made Business Continuity Management (BCM) a priority now more than ever before, and 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) - but what does this mean for BCM in Regulatory Reporting?

Given current global market conditions, supervisors in Europe have tried to ease 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, it doesn't seem to slow down the pursuit of obtaining better and more timely data to mitigate risks. In fact, we can expect that the current crisis will accelerate the shift towards more data granularity and near-to-real-time reporting.

We are also seeing massive strides being taken across the APAC Region, as regulators push for transformation towards more granular data reporting. Inevitably regulatory pressure on financial institutions will increase and standardisation, industrialisation and automation are logical ways of exploiting economies of scale across borders.

As a result, 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 this webinar, our expert panel will discuss:
👉🏼What measures, in the area of regulatory reporting, are APAC supervisory authorities taking in reaction to the current crisis triggered by COVID-19 pandemic? What are the effects on financial institutions and the whole industry?

👉🏼Business continuity management in regulatory reporting

👉🏼Managed services in regulatory reporting and BCM: Challenges and opportunities

👉🏼What about IT Outsourcing? What does that look like? How to get started?

The Key Take-Aways

What measures, in the area of regulatory reporting, are APAC supervisory authorities taking in reaction to the current crisis triggered by COVID-19 pandemic? What are the effects on financial institutions and the whole industry?

Business Continuity Management in Regulatory Reporting

Managed services in regulatory reporting and BCM: Challenges and opportunities

What about IT Outsourcing? What does that look like? How to get started?

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The Webinar Panel

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This Webinar is in Partnership with

REGNOLOGY

Regnology is a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech), of AEOI and tax reporting products, as well as of services along the Regulatory Value Chain for financial services. Regnology has been a partner for banks and regulators for 25 years. Until the end of 2020, the company was part of BearingPoint group and operated under the name BearingPoint RegTech. Since the sale of the RegTech business to private equity firm Nordic Capital, the company has been independent. In June 2021, the company joined forces with Vizor Software and recently changed its name to Regnology. In total, Regnology serves more than 7,000 financial services firms with reporting solutions. At the same time, the company enables more than 50 regulators and tax authorities on five continents to collect data from 34,000 firms in 60 countries. Regnology has a total workforce of over 770 employees at 17 office locations in 12 countries.