What are the opportunities and challenges for the year ahead - Rolf Haudenschild

Rolf Haudenschild, Co-Founder, Head of Regulatory & Risk Services at Ingenia Consultants discussed the compliance opportunities and challenges for the year.

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1. What are the opportunities and challenges for the year ahead?

Video transcript

1. What are the opportunities and challenges for the year ahead?

On a very general basis, compliance is continuing to hit all the wealth managers; small EAMS, banks, even the very large banks. Suitability may be strengthened. That is probably a bit on the longer-term horizon. Disclosures of fees and charges, AML, remains really in the game. Also coming from 1MDB, that is still being cleaned up in Singapore, Malaysia, making an additional push on it. And a final thing that we expect to some extent is that you need to work on your cross-border compliance with more data coming also from the tax assessments, that the regulators may be picking up on those tax assessments made on the information exchanged. And find out where banks, financial intuitions have actually worked across borders without the necessary compliance.

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