Hubbis Compliance in Asian Wealth Management Forum – 2015

22nd January, Singapore

 

8.40am

Registration

 

9.00am

Welcome Address

 

Anthony Northam

Head of Market Development, ASEAN

Thomson Reuters

 

9.05am

Keynote Presentation

Regulatory risk management in wealth: driving client satisfaction through compliance

 

Kristen Tiner

Head of Risk Segment – Asia

Thomson Reuters

 

• Risk is often seen as the four-letter word for business hindrance and the “no” police within an institution
• Changing client engagement – not just bearing the brunt of frustrated clients who must submit duplicative documentation
• Using new systems to facilitate clear communication, and the way in which we use this information to better serve clients with unique products and services
• Creating more of a focus on the client rather than ticking the compliance box – as the key to client satisfaction
• Being knowledgeable on compliance and regulatory matters – to gain the respect and trust of clients, while also helping to uncover potential investment opportunities 

 

9.35am
Panel Discussion

How can you deal with the reality of tax transparency?

 

• How is the ever-transparent regulatory and tax environment impacting the wealth management industry?
• What does the move towards greater transparency really mean for wealth managers?
• How will Common Reporting Standards impact the industry?
• Will 2015 be the year we see a private banker go to jail?
• What are the biggest risks for advisers and clients which are not being properly addressed yet?
• How has KYC changed post the tax evasion regulations?

 

Chair

 

Michael Stanhope

CEO & Founder

Hubbis

 

Panel Members

 

David Stone

Director, Structuring & Product Development, Asia

Amicorp Group

 

Kristen Tiner

Head of Risk Segment – Asia

Thomson Reuters

 

David Vignola

Head, Legal & Compliance, Private Banking Clients

Standard Chartered Private Bank

 

Andrew Chow

Partner, Financial Services Regulatory

WongPartnership

 

Dr Angelo Venardos

CEO & Founder

Heritage Trust Group

 

10.20am

Presentation

Just when you thought it couldn't get more painful - here comes the next tsunami

 

Dr Angelo Venardos

CEO & Founder

Heritage Trust Group

 

• Tackling the offshore challenge
• Automatic exchange of information
• How will you ever deal with all this?

 

10.50am

Refreshments & Networking

 

11.15am

Panel Discussion

Will we ever breed a true culture of compliance?

 

• What are the real costs of non-compliance? Including the wider implications that non-compliance can have throughout an entire organisation, starting from the bottom-up?
• Are the rising monetary fines as a result of persistent non-compliance actually leading to a change in underlying behaviour?
• Why is it acceptable that many firms now consider financial penalties to be part of the standard costs of doing business?
• What are some of the other measure that regulators - and organisations - are now using to try to foster compliant behaviour?
• What are the implications of the limited amount of compliance talent in the market? How can the resource gaps be filled?

 

Chair

 

Carsten Rosenkranz

Market Development Asia - Risk

Thomson Reuters

 

Panel Members

 

Rolf Haudenschild

Principal Compliance Consultant

Maroon Analytics

 

Evelyn Koh

Head of Compliance, Asia Pacific Wealth Management and Singapore

RBC Wealth Management

 

Vincent Koo

Regional Head of Wealth Management Compliance, Asia Pacific

BNP Paribas Wealth Management

 

Nizam Ismail

Partner

RHTLaw Taylor Wessing

 

11.55am

Presentation

Values. Ethics. Culture. Compliance

 

Andrew Chow

Partner, Financial Services Regulatory

WongPartnership

 

• Is the hiring of more compliance officers, or spending on surveillance systems good enough in the current climate?
• Are the existing and new rules and regulations too complicated to understand, process and implement?
• How does an international bank deal with disparate cultural issues in different parts of the globe?
• Is there a possible, less complex answer to these questions?

 

12.25pm

Presentation

Tax Investigations

 

Kwong Wing Leon

Head, Tax

KhattarWong LLP

 

• The exchange of information in practice
• Leaking bankers
• Conspiracy to evade tax
• The articulate witness

 

12.55pm

Lunch

 

1.35pm

Panel Discussion

Finding a way to manage the threat of financial crime

 

• What are the biggest external risks wealth management organisations face?
• What can be done to improve risk management decisions?
• 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 and KYC?
• What are the challenges associated with implementing standardised systems across the region and globally?
• Repercussions of financial crime and cyber risk and how they impact a banks’ reputation when exposed
• How are the insurance, financial advisory and independent asset management industries responding to the individual challenges they now face?

 

Chair

 

Michael Stanhope

CEO & Founder

Hubbis

 

Panel Members

 

Steve Knabl

Managing Partner

Swiss Asia

 

Conrad Lim

Managing Director and Deputy Chief Executive Officer

LGT Bank

 

Julia Leong

Partner, Risk Assurance Practice (Financial Services)

PricewaterhouseCoopers

 

2.20pm

Presentation

Regulatory trends in 2014 – and how much grief this means for your business?

 

Nizam Ismail

Partner

RHTLaw Taylor Wessing

 

• Looking back – what were the key regulatory trends in 2014?
• Looking within – how these developments impact your business?
• Looking forward – what the regulatory crystal ball holds for us in 2015

 

2.50pm

Panel Discussion

Staying compliant yet profitable – is this a realistic goal?

 

• How can financial services firms align compliance programmes with business goals?
• What action must senior management take - not only to be compliant but also to avoid the growing costs of non-compliance as they respond to the regulatory and compliance challenges?
• What are the most forward-thinking banks doing to develop processes and technology-based systems to support and drive compliance as well as efficient operations?
• What are the drawbacks of over-regulating the firm’s activities? (costs, competition, etc).
• What are the advantages and disadvantages of standardising ethics and broader compliance policies as well as the code of conduct - both across the region and globally?
• Is the PDPA having the desired results? How is it being implemented?

 

Chair

 

Michael Stanhope

CEO & Founder

Hubbis

 

Panel Members

 

Patrick Dreyfuss

Managing Director, Chief Operating Officer of Wealth

DBS Private Bank

 

Stefan Kuhn

Head of Compliance, Private Banking, South-east Asia

Credit Suisse Private Banking

 

Adam Long

Group Head of Legal & Compliance, Wealth Management & Priority/International Banking

Standard Chartered Private Bank

 

Jack Wang

Partner

Lexico

 

3.30pm

Refreshments & Networking

 

 

3.55pm

Presentation

Globalised clients serviced in a world of national jurisdictions

 

Rolf Haudenschild

Principal Compliance Consultant

Maroon Analytics

 

• Singapore is a financial hub servicing clients in other jurisdictions.
• HNWIs are internationally mobile.
• Licenses, rules and regulations apply to national jurisdictions.
• How can you service clients in other jurisdictions?

 

4.25pm

Presentation

Singapore Data Protection Act

 

Rajesh Sreenivasan

Partner, Head, Technology Media & Telecoms

Rajah & Tann Singapore LLP

• How has Singapore's Personal Data Protection Act (PDPA) been received to date? What is the state of enforcement?
• What have been the main implications for advisers?
• What is the impact for the banks from a governance perspective?
• How are banks responding? How are they balancing the PDPA with the Banking Act obligations?

 

5.00pm

Forum Ends