New Cycle for Inventive Risk and Regulation

Review the global regulatory horizon, navigate your regulation and embrace change for a better culture

Key dialogues on data and technologies to build a meaningful paradigm around regulation

Network with over 1,000 global thought leaders, innovators and senior industry practitioners

The financial services industry is dealing with an influx of transformations in risks and regulations that will reshape it. At first, it was focused on the fallout from the global financial crisis, during which time there was almost a global consensus on the risks that the industry was facing. Then, nationalist and populist movements turned the tides. The United States vowed to “dismantle” the post-crisis Dodd-Frank Wall Street Reform and Consumer Protection Act. In the United Kingdom, the decision to leave the European Union triggered an inquiry from the House of Lords Financial Affairs Committee into how UK-based financial services companies might retain their passporting rights.

As regulators are still finalising previously outlined rules, financial institutions are continuously expanding the array of risks that come with new types of players, technologies, ever-growing complexities of national and international regulations, as well as changing consumer behaviour. Financial players have to develop their strategies to proactively address the impact of digitisation on areas such as compliance, accountability, transparency, risk management and data governance.

Interview with Jimmy Wales
Co-founder of Wikipedia

We have also included cybersecurity risk in this year’s conference to deal with the new paradigms of risks and regulations coming from this stream. It is a full plate, but one that is required to gain a conceptual clarity of the paradigms needed to guide you and your organisation through a fundamentally different era. The changes in the financial services landscape, whilst bringing new opportunities, also brings new risks that must be effectively monitored and mitigated by regulators.

Key issues to be covered:

Evolving Basel IV: Impacting bank capital management
Cybersecurity vs Innovation and Risk vs Return: Striking the right balance between digital innovation and security
What the future holds for a meaningful paradigm around regulation?
How will machine learning and AI enhance compliance and due diligence?
Technology risk and operational

Who will attend?

The programme is designed for senior executives from the following sectors:

  • Risk management, compliance, anti-money laundering
  • Technology, operations, data and analytics
  • Cybersecurity, digital banking and channels
  • Providers of alternative financial services

The Risk and Regulation Conference

Wednesday, 17th June 2020

  • TIME
08:30 – 09:00

Registration and morning networking

09:00 – 11:00

The Future of Finance Summit – Opening Keynote Session

Opening Keynote:

Leadership Dialogue

Leadership Dialogue panellists will include:

Session co-chaired by Emmanuel Daniel, Chairman, The Asian Banker and
Gordian Gaeta, International Resource Director, The Asian Banker

11:00 – 11:30

Tea/Coffee break

11:30 – 12:00

Evolving Basel IV: Impacting bank capital management

Basel I, II and III focused a lot on the insights that historical data from within the institution provided in benchmarking and assessing risks at the institutional level. It then tried to expand to transactional and trading data. Now new arrays of data sitting outside the institution are proving to be as important in developing new paradigms to assess credit and transactional level profiles. The implementation of the Basel IV framework is already a remarkable challenge within the banking landscape and will be significant throughout the banking industry. As part of its requirement, capital calculations across all risk types will be fundamentally amended.

Speakers and panellists include:

12:00 – 12:30

Cybersecurity vs Innovation and Risk vs Return: Striking the right balance between digital innovation and security

Technology and data advances will enable banks to provide customers with a hyper-personalised and largely automated service within the next decade, replacing the traditional retail products-based approach. As customers start to take more control of their own personal data through digital ID profiles – in order for banks to extend digital evolution – they will have to find the right balance between innovation and risk management.

In this session we will discuss how banks can use their trusted position to build a closer relationship with customers, as well as how banks can expand their role at the centre of a more platform-based financial services model.

Speakers and panellists include:

12:30 – 14:00

Networking luncheon

14:00 – 14:45

Is regtech less or more? What the future holds for a meaningful paradigm around regulation

Significant advances in software applications are making “regulatory technology” (regtech) viable solutions for financial institutions to meet the demands of regulatory compliance. Developments in artificial intelligence, big data and cloud computing potentially give regtech the potential to lower the cost of compliance and process vast amounts of data with higher precision than the legacy systems of financial firms.

There are a number of exciting changes on the horizon. Financial institutions have only begun to explore the potentials for regtech to help them keep up with the increasing demand on financial regulations while becoming more proactive in using some of these requirements as guides in decision making. But before that, we have to ask ourselves if there is an overall philosophy that will guide the regulators and the regulated.

Speakers and panellists include:

14:45 – 15:30

How will machine learning and AI enhance compliance and due diligence?

As financial institutions are still facing challenges from the high cost and manual processes of conventional know your customer (KYC) and customer due diligence (CDD), artificial intelligence (AI) and machine learning have allowed banks to go above and beyond traditional CDD efforts and increased accuracy of risk scores for areas such as anti-money laundering (AML).

In this session we will discuss the aid of utilising AI and ML-powered solutions to investigate customer transactions and relationships, as well as the role of AI in AML for sustainable compliance. Can AI and ML facilitate advanced and adaptive real-time transaction monitoring? To what extent will big data analytics and automation impact CDD solutions? To what extent are AI and automation KYC costs and complexity containment factors?

Speakers and panellists include:

15:30 – 16:00

Technology risk and operational resilience

Operational resilience is now as important to the financial services industry as financial resilience. Mitigating the risk and impact of service outages and becoming resilient to cybersecurity threats is increasingly vital to institutions’ financial wellbeing. Building operational resilience is high on institutions’ and regulators’ agendas around the world as both work to protect customers, stakeholders and the economy.

In this session we will discuss the key steps in the journey to operational resilience. This will involve governance, strategy, business services and information security. How do we structure the risk function around new technology risks? How can we achieve business resilience in the face of digital transformation, cybersecurity, AI and data developments?

Speakers and panellists include:

16:00 – 16:30

Networking tea break

16:30 – 17:30

Day 1 - Closing keynote

Session co-chaired by Emmanuel Daniel, Chairman, The Asian Banker and
Gordian Gaeta, International Resource Director, The Asian Banker

* Please note that this is a working agenda and topics and speakers are subject to change.

For more details please contact

Sue Kim Programme Manager Tel: (+971) 55 8587 992