Since the COVID-19 pandemic, Business Continuity Management has become increasingly important. Corresponding requirements such as the Technology and Risk Management Guidelines by the Monetary Authority of Singapore (MAS) have been in place for several years. But what developments can we expect in the area of regulatory reporting?
Across the APAC region, we perceive a trend towards more granular data reporting. Similar to developments in Europe, regulators push for transformation in APAC. And standardization, industrialization and automation are logical ways to benefit from economies of scale across borders. Thus, more and more financial institutions consider outsourcing processes that are not part of their core business – for example regulatory reporting. Apart from saving personnel capacities, financial institutions can reduce IT operating costs by outsourcing the application management or complete business processes.
In this interactive discussion, our experts from APAC and Europe will exchange insights and discuss:
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.
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.
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.