What are the opportunities and challenges for the year ahead - Adriel Loh

Adriel Loh of Bank of Singapore

Feb 5, 2019

Adriel Loh Managing Director, Global Head of Compliance at the Bank of Singapore discussed the compliance opportunities and challenges for the year.

Jump to section:

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

Video transcript

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

I think one of the main focus of the regulators in (compliance) is really about culture. It’s really about the fact that private banks need to have the right culture, the right compliance culture to be able to balance the business needs as well as the regulatory risks that we face. So especially in the area of private banking, where it’s inherent high risk, the need to ensure that there is a very strong senior management to inform the top. In terms of supporting the compliance culture, it is very important. We’re seeing this with the new senior management accountability regime come into place. I think the focus in terms of how we remunerate our bankers also is going to be a big area of focus. As to whether or not just remunerated by financials, but whether there are qualitative factors of conduct and culture and compliance and risk factors that are also included that impact them financially if there were to be misconduct. I think that’s something that the regulators are really going to want to see within the private banks.

Latest Articles

Latest News