Event Agenda
8.30am
Registration
8.50am
Keynote Address
9.00am
Panel Discussion
Conduct - Governance – Accountability: The hot topics for 2020
- What are the main compliance challenges for the year ahead?
- What’s important to the business owner - how do they think about compliance and regulation?
- Risk Heat Map 2020 – what goes up, what goes down and why?
- How does digital help?
- A big shift in MAS’ stance towards accountability and conduct. What does this mean to you?
- The constantly evolving regulatory landscape: Monitoring and staying on track with implementation – what do we need to achieve this?
- How can compliance professionals be proactive not reactive?
- What are the challenges Compliance face during client on-boarding with the Banks? Banks are becoming more stringent and taking at least 2-3 months to open an account.
- Whistleblowing Compliance - Reporting and training solutions relating to whistleblowing.
- Combatting Financial Crime including Anti Money Laundering, Countering Terrorist Financing, Anti Bribery measures - where should compliance teams focus their efforts?
9.45am
Presentation
- How conduct initiatives have altered the compliance paradigm
- Why regulators see conduct as imperative
- How conduct programs could be approached and developed
10.00am
Presentation
- Issue spotting between awareness and expertise
- Tax, reporting and information exchange requirements
- Prudent compliance standards
10.20am
Presentation
- What are the key pricing and discount management challenges Private Banks are facing in today’s banking landscape?
- How can an integrated pricing & discount management framework help to address these challenges?
- How can Private Banks better balance its risk management controls, meeting the regulatory requirements while ensuring commercial feasibility?
- What are the potential operational business impacts on price management for complying with the regulatory policies such as “Fair Dealing Guidelines” and “Treating Customers Fairly”?
- What are the global trends for price and revenue management in the Wealth Management industry?
10.40am
Presentation
Bringing Cognitive automation into 3rd party risk assessment
- Understanding relevant risks to tailor risk assessment
- Combining enhanced technology with quality data sources
- AI and Contextual Analysis as the base of IMTF’s I-match and Find-it
11.00am
Refreshment & Networking
11.30am
Presentation
- Pre-Trade Disclosure
- From a static approach to a dynamic one
- Assessing risk at the portfolio level
11.50am
Panel Discussion
Suitability – Transparency – Fees
- What have we all learnt from the UBS Fine? What does it mean?
- Fee Charging and Transparency – do we act in the clients’ interests?
- Does the RM incentive model need to change?
- The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in Australia. How did it effect the industry?
- Are there other practices / disclosures (e.g. retrocessions, referral fees) within wealth management which should be examined to avoid similar penalties by the MAS?
- How do you operationalise complex regulations that impact countries that are not regulated by those regulators?
Alison Fidler
Head, Conduct, Financial Crime and Compliance, Wealth Markets Products and Sales
Standard Chartered Bank
Head, Conduct, Financial Crime and Compliance, Wealth Markets Products and Sales
Standard Chartered Bank
12.40pm
Presentation
- Why regulators are increasingly focused on senior management and individual accountability
- Senior management/individual accountability and conduct regimes – latest developments globally
- What you can start doing now to prepare for MAS' Guidelines on Individual Accountability and Conduct
1.00pm
Lunch & Networking
2.00pm
Presentation
- Audit Review Process and Procedure
- Process and Risk Management Requirements
- CRS Anti-Avoidance, Private Client Financial Crimes and Self Incrimination
2.45pm
Panel Discussion
Tax & Accountability
- Economic Substance vs. Opaque Offshore Structures - What is the Practical Difference?
- CRS Pre-Audit Preparation: what are the top 5 things that all Singapore Financial Institutions need to do before their first formal IRAS CRS audit assessment?
- CRS anti avoidance and Mandatory Disclosure - has Singapore in effect introduced the CRS Mandatory Disclosure regime?
- Tax Havens vs International Financial Centre. Cayman vs Singapore – what are the new developments you must consider?
- Tax optimisation – what dos that really mean? What strategies can you adopt?
- How to best obtain cooperation from clients to meet tax compliance standards?
- What more can be done to educate clients about the potential impact on them of tax transparency?
- Singapore Variable Capital Companies – opportunities and challenges?
- Individual Accountability & Conduct in relation to your role and advice – what’s changing?
3.30pm
Refreshment & Networking
3.50pm
Presentation
- Opportunities vs Risks: The evolving landscape of digitisation
- Cyber Hygiene: Why it matters?
- Tech and cyber risk management in a Digital organisation
4.10pm
Panel Discussion
Digital Initiatives – Cyber - Technology - Data Protection
- Cybercrime – what new threats are there for you?
- Cyber Hygiene, Cloud and Ecosystem – What are the risks and how do you manage them?
- What are the challenges relating to electronic platforms like robo advisors or digital banks?
- Digital ID – good idea or bad idea?
- In the region every country has its own cyber security rules and it’s difficult to make sense of what you can do or not do?
- Banks have the challenge of dealing with the non-uniformity – what can you do?
- Data confidentiality – do we assume there is none?
- How do you ensure appropriate products are made available on execution-only platforms?
- How does Technology affect the compliance profession and processes?
5.00pm
Forum Ends