Andrew Crooke
Editor
Hubbis

• What are the strategic challenges for wealth management firms in Asia relating to compliance?
  
• What costs do these challenges represent to the business?
  
• What are the indirect costs of compliance?
  
• How does/should senior management view compliance? Importance of ensuring buy-in from senior management
  
• How can the organisation keep costs under control? Where can you make cuts?
  
• Strategic changes vs tactical fixes: pros and cons?
  
• What are your expectations of new technology systems today?
  
• If you invest in new technology, when do you expect to see ROI?
  
• Is outsourcing a feasible option for wealth management firms in Asia?
  
• What are the advantages and disadvantages of outsourcing?
  

Chair

Andrew Crooke
Editor
Hubbis

Panel members

Olivier Crespin
Managing Director, Chief Operating Officer, Wealth Management
DBS Bank

Conrad Lim
Managing Director and Deputy Chief Executive Officer, Singapore
LGT Bank

Sonjoy Phukan
Chief Operating Officer, AMEA
Barclays Wealth and Investment Management

Andrew Chow
Partner, Financial Services Regulatory
WongPartnership LLP

Narayanan Sambasivan
Director, Head of Compliance
Amicorp

• Need for risk assessment
  
• Key components of an effective risk-based AML/CTF programme
  
• Application of risk analysis to AML controls (on-boarding & ongoing monitoring)
  
• Value to be gained from AML risk assessment/model
  
• FATF/regulatory Guidelines on RBA
  
• AML/CTF programmes in Amicorp Group
  

Nizam Ishmail
Partner, RHTLaw Taylor Wessing LLP
Director, RHT Compliance Solutions

• Taking stock of the international reform agenda - far from complete
  
• How international regulatory changes affect domestic regulation in Asia
  
• Extra-territorial application of regulations
  
• A more activist enforcement approach
  
• Challenges of navigating Asia's regulatory landscape
  
• Risks to private banks
  
• Strategies to stay ahead
  

Alex Duperouzel
Managing Director
ComplianceAsia

• What are the biggest external risks organisations face (hacking, security breaches, fraudulent websites, email fraud etc.)?
  
• What safeguards can protect firms from malicious external attacks of hacking/fraud/breaches/theft?
  
• Where do firms turn for advice over these matters?
  
• What threat does employee misconduct represent to the firm? (Internal fraud, insider dealing, data theft, etc)?
  
• Is employee misconduct typically intentional or unintentional?
  
• Disciplinary action vs reward systems: what works?
  
• How can effective training help reduce the risks of misconduct? And how can firms ensure competency & understanding of advisers?
  
• What can firms do in the way of monitoring to detect issues early on?
  
• What constitutes best practice in terms of dynamics & communication between the front and back office?
  

Chair

Andrew Crooke
Editor
Hubbis

Panel members

Adam Long
Head of Legal & Compliance, Wealth Management & Priority/International Banking
Standard Chartered Private Bank

Kok Siang Wee
Regional Head of Compliance, Asset Wealth Management, Asia Pacific
Deutsche Bank

Urban Wilde
Regional Head of Governance and Risk, AMEA
Barclays Wealth and Investment Management

Narayanan Sambasivan
Director, Head of Compliance
Amicorp

Andrew Chow
Partner, Financial Services Regulatory
WongPartnership LLP

• Understanding ethics
  
• Application to bankers: (i) behaviour & cognitive skills; and (ii) behaviour & shades of grey
  
• Corporate values and the link to ethics
  
• Johnson & Johnson's Credo and Customer Ethos
  

• What are the advantages and disadvantages of standardising ethics policies and code of conduct a) across the region and b) globally?
  
• Are some banks taking a "light touch" towards compliance and regulation in certain jurisdictions? What are the drawbacks of over-regulating the firm's activities? (Costs, competition, etc).
  
• What about the benefits of streamlining training programmes?
  
• How can firms operating in more than one jurisdiction avoid arbitrage in compliance models?
  
• Is it possible to develop inter-jurisdictional regimes and policies for areas like data protection, suitability, CDD & KYC?
  
• What are the challenges associated with implementing standardised systems across the region/ globally?
  
• What are the advantages and disadvantages of tailoring technology systems for different jurisdictions?
  

Chair

Andrew Crooke
Editor
Hubbis

Panel members

David Vignola
Head, Legal & Compliance
Standard Chartered Private Bank

Evelyn Koh
Head of Compliance, Asia Pacific Wealth Management and Singapore
RBC Wealth Management

Yvette Cheak
Consultant Trainer
BNP Paribas

Ken Fagan
Senior Consultant
RHT Compliance Solutions

• What are the practical challenges relating to tax compliance, AML, and STR monitoring?
  
• Do banks really know their clients? Are they gathering enough useful data from clients - including historical data? Or is this just an exercise to meet regulatory requirements?
  
• Are banks doing enough with the data they collect? (E.g. analysis of client's income - is it appropriate in line with the transactions taking place?)
  
• What are the tell-tale red flags advisers should look out for?
  
• Are there any obvious solutions in terms of methods for reviewing existing accounts - e.g. segmenting clients?
  
• What can firms do in the way of monitoring to detect issues early on?
  
• How have client on-boarding processes changed in light of the enhanced global focus on tax evasion?
  
• What role does technology play as firms battle against tax evasion, money laundering, terrorist financing etc? What are the advantages and potential disadvantages of automation?
  
• In the instance of a breach, who bears the consequences and who suffers reputational damage - the client, the firm, the adviser managing the account, or the compliance department?
  
• What can firms do to communicate to employees and clients the fact that non-compliance will not be tolerated?
  

Chair

Andrew Crooke
Editor
Hubbis

Panel members

Rayson Tan
Deputy Head of AML for APAC
Credit Suisse

Philip Perchard
Business Risk Manager - Singapore & India
Barclays

Simone Nadelhofer
Partner
Lalive Lawyers

Alex Duperouzel
Managing Director
ComplianceAsia

Jay Krause
Partner
Withers

• Understanding FATCA
  
• US voluntary disclosure and the recent agreements between the US Department of Justice and Swiss banks
  
• What does all this mean for the Asian wealth management environment?
  

• In general, how is the IFA industry in Singapore coping with implementation of FAIR?
  
• What are the associated costs?
  
• What big changes have you seen take place within organisations so far?
  
• How is the financial adviser profession changing with the new rules preventing advisers from taking other work on the side?
  
• What has changed with respect to hiring?
  
• In the longer-term, what will be the outcome in terms of adviser competency across the industry?
  
• As a result of all of the changes, will consumers notice a difference? If so, when?
  
• If the MAS were to eventually bring in a new remuneration model, would this have a positive or a negative impact?
  

Chair

Andrew Crooke
Editor
Hubbis

Panel members

Anil Scott
Senior Investment Adviser
Meyado Private Wealth Management

Kelso Beggs
Head of Distribution
AAM Advisory

Alfred Chia
Chief Executive Officer
SingCapital