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

Why attend

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?

The webinar panel

Click to view full speaker details

Richard Heron, Deputy Head of Regulatory Reporting | ICBC

Richard has over 8 years worth of experience within financial services of overseeing liquidity and capital reporting for American Express, Societe Generale and now ICBC. A qualified accountant; he is now responsible in overseeing all regulatory returns for ICBC London for CIBRC, EBA, PRA and Bank of England.

Jaap-Jan Kieft, Head Core Banking and Regulatory Reporting APAC | ABN AMRO

Sushil Israni, Executive Director, Head of Risk Transformation | BANK OF SINGAPORE

Bella Lai, APAC Director Head of RegTech Singapore | BEARINGPOINT

Bella has over 20 years of experience in the financial industry and is at the forefront of regulatory and compliance digital transformation. She started her career as a trader and subsequently moved into myriads of business focused areas with firms like Reuters, SWIFT network and Markit; aiming to bridge the gap between data, regulatory, compliance and the financial market ecosystems.

Moritz Plenk, Head of RegTech Factory | BEARINGPOINT

Moritz Plenk is Senior Manager at BearingPoint RegTech and responsible for the new service offering "RegTech Factory". Moritz Plenk has many years of experience in consulting services within the financial services industry, specialized in regulatory topics. He mainly focuses on outsourcing and coopetition models in regulatory reporting. He also deals with emerging technologies like DLT, AI and Big Data, and how they can be used in banking supervision and regulatory reporting.

Download the Webinar

This webinar is in partnership with

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

Learn More

Anchor 1