Agenda

As we face the repercussions of the subprime fallout, liquidity crisis and market slump, what changes have we seen in the regulatory agenda globally and what potentially seismic changes are coming in the next 24 months? As we contemplate imminent change in government, the regulatory structure (supervision, oversight and capital requirements), market consolidation, risk management and the fundamentals of pricing and valuation, this panel will explore the impact on the compliance teams and their efforts to satisfy regulators while being mindful of business goals in a new investment environment. The panelists will concentrate on addressing the key areas of focus as the regulators set out their priorities for the future.

This panel will focus on the roadmap that lies ahead for the consolidation of the two SROs. Panelists will address the likely changes and will advise attendees how best to stay on top of the consolidation as it unfolds, specifying where change may be significant and where this will need close scrutiny, consultation and then wider dissemination within the firm...

Multiple regulators, continuous regulatory developments, budget and staffing restrictions and, to some extent, even technology contribute to the challenges that a compliance professional faces on a daily basis. In the current complex regulatory environment, most progressive firms accept that automation is the only way to get close to ‘full compliance’. For both large and small firms, technology has greatly alleviated many difficulties. This panel will explore the impacts of technology on compliance, both positive and negative, and how it has changed the way today’s firms practice compliance.

To manage risk and remain above reproach in the global financial marketplace, firms must take a proactive role in executing their KYC policies. Some of the newest challenges that firms must tackle stem from enhanced regulation around beneficial ownership, transaction monitoring and stricter reporting, PEP identification and electronic due diligence. With new provisions of the EU’s Third Money Laundering Directive, Canada’s Bill C-25 and Australia’s AML/CTF Act, regulators around the world are progressively updating their AML and CTF edicts and firms are clambering to keep compliant. This panel will focus on the newest challenges and risks firms face in the on-going campaign against money laundering and terrorist financing, and the best solutions for meeting them.

Breaks in the information supply chain lead to compliance risk. When policies and procedures do not match regulatory standards and/or the firm’s business, and firms are unable to successfully convey updates and changes to employees, they can face costly consequences. A lack of policy management can be interpreted as a lack of supervision. This panel will analyze some of the lessons learned from the “non-compliant” and will expose what the regulators like to see during exams, giving guidelines as to how much supervision is enough.