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Compliance in Asian Wealth Management Forum 2020 - Exclusive Insights - Vincent Koo - EFG Bank - 1

Vincent Koo of EFG Bank

Jan 24, 2020

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1. A big shift in MAS’ stance towards accountability and conduct - What does this mean to you?

Video transcript

1. A big shift in MAS’ stance towards accountability and conduct - What does this mean to you?

As a compliance officer, you always feel that you are accountable for everything. At least that's what I feel alongside with the CEO. With the introduction of the individual accountability and conduct, I think it just helps in terms of setting up who is responsible for what. In that manner, with this increased accountability, I actually think that it's actually better for me in a sense that, okay, it clearly delineates the responsibility of the various stakeholders, and I don't have to feel that I'm responsible for everything.

 

 
 
 

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