Helping Asian Wealth Management Communities interact

Compliance in Asian Wealth Management Forum 2020 - Highlights - Andrew Chow

Andrew Chow of BNP Paribas

Jan 24, 2020

Jump to section:

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

Video transcript

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

The main opportunities for compliance offices really have to do with both conduct and technology. Conduct, to the extent that now there's personal responsibility, it's important that you understand what your responsibilities are, how to dimension that, and make sure that you're able to actually do what is necessary as per what the individual accountability and conduct guidelines are, as far as the MAS are concerned. Now, a lot of that has to do with your reporting lines, your ability to influence decisions both laterally and upwards, and also, I guess, it's more in the context of understanding technology as well. Because technology has to do with conduct; if you actually think about it, when you actually have a digital platform, you need to think about how ethical it operates, how you can actually make sure that there is proper transparency as far as the program is concerned. So all of that actually falls under the overarching umbrella of conduct.

 

 
 
 

More videos from Andrew Chow, BNP Paribas

Latest Articles

Latest News