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Compliance and regulation never get simpler or less onerous, and certainly not in the globalised world of wealth management. Banks and other wealth management institutions and disruptors have been facing a tsunami of new rules, tighter surveillance, and heftier punishments for transgressions. The onus is on them to ensure that they are not only compliant as a corporate entity but that their clients and their staff, from mailperson to CEO, are as well. RegTech and FinTech players are honing their solutions at the same time as the banks and other key product and advisory providers are improving their strategies and approaches. The Hubbis Digital Dialogue of January 20 will delve deeply into all these key trends and assess what developments the wealth industry should be expecting in the months and years ahead and how they might be able to cope with what are surely additional demands and higher compliance costs.

It will not be easy. The sudden arrival of the Omicron Covid-19 variant has again dashed hopes of a greater normalisation of travel, leisure and business connectivity in the near term. Accordingly, challenged compliance and legal teams and advisors will need to continue to manage teams and oversee colleagues working in disparate locations rather than in one office environment. But at least the Asian private banking and wealth management industry has gone through various degrees of recalibration and strategic rethinking since the onset of the pandemic, digitisation has raced ahead, new software solutions have arrived or perhaps been refined. Nevertheless, the pace of evolution cannot slow, as one thing that has not changed is the relentless rollout of regulations across the globe, as seemingly nothing will halt the drive to regulate at local, regional and global levels.

Jan 20

Compliance and Regulatory Update 2022

3.00pm - 4.00pm HKT/SGT

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A community of leading organisations within Asian Wealth Management

Featured speakers
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Senior figures in Asian Wealth Management are speaking at this event

Joshua Heiliczer

Protiviti

Rolf Haudenschild

Ingenia Consultants

Hannah Cassidy

Herbert Smith Freehills

Anu Phanse

Revolut

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Event Agenda
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  • 15.00pm

    Compliance and Regulatory Update

    • What are the main compliance challenges for the year ahead, both globally and also specifically within Asia?
    • How will the inability to use letters of no consent hurt banks dealing with assets associated with potential money laundering?
    • What are some of the challenges banks are facing meeting the different source of wealth standards in HK and SG?
    • In what ways has the pandemic impacted the wealth management community in its adaptation to the new rules, monitoring and enforcement of, for example, CRS, AEOI, Mandatory Disclosure, Economic Substance and BEPS, Accountability & Conduct?
    • Have onboarding, KYC, AML, and transaction monitoring and reporting been functioning properly and what new rules and challenges lie ahead in these areas?
    • How do we need to apply ESG guidelines and how is this evolving?
    • Is ‘green washing’ an issue? What are the consequences?
    • OTC derivatives reporting – how do you do it? What are the developments?
    • Conduct of listed companies and their partners. What’s changing and how is this enforced?
    • Stopping the rolling bad apples. When people move from one firm to another – what information might need to be shared in the future?
    • What updates are there around virtual assets – like crypto?
    • Are privacy, security and cyber hygiene an insurmountable challenge when most of the industry is working remotely?
    • Where does the underlying wealth management business align with the demands of compliance, or is regulation so pervasive and indiscriminate that it is hampering the revenue generation and profitability of the players in this industry?
    • Where do you see the key benefits digital compliance tools can bring in wealth management when it comes to connecting legal/compliance departments with business stakeholders?
    • How does the wealth industry make its selections from the growing range of sophisticated solutions out there?
    • What roles do training and further education play in the rollout of effective compliance?
    • Are Financial Institutions in Asia really ready for the ‘Culture and Conduct’ revolution, and what role can ethics and self-regulation play in the evolution of the wealth industry?
    • How can you scale up your organisational agility across different geographies? How powerful is digital innovation?
    • How do regulators view ransomware and paying ransoms?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Hannah Cassidy

    Partner, Head of Financial Services Regulatory, Asia

    Herbert Smith Freehills

    Anu Phanse

    Head of Regulatory Compliance

    Revolut

    Joshua Heiliczer

    Managing Director

    Protiviti

    Rolf Haudenschild

    Co-founder

    Ingenia Consultants

  • 16.00pm

    Webinar Ends

Jan 20

Compliance and Regulatory Update 2022

3.00pm - 4.00pm HKT/SGT

Speakers

Joshua Heiliczer

Protiviti

Rolf Haudenschild

Ingenia Consultants

Hannah Cassidy

Herbert Smith Freehills

Anu Phanse

Revolut

Jan 20

Compliance and Regulatory Update 2022

3.00pm - 4.00pm HKT/SGT

Partners

platinum

Jan 20

Compliance and Regulatory Update 2022

3.00pm - 4.00pm HKT/SGT