March 5, 2013
Thomson Reuters to Host Australian Regulatory Summit in Sydney
SYDNEY – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that the inaugural Australian Regulatory Summit will take place in Sydney on 01 May, 2013 with participation of the principle Australian and New Zealand regulatory bodies of the Australian Securities and Investments Commission, AUSTRAC, The Reserve Bank of Australia and the Financial Markets Authority of New Zealand.
The Australian Regulatory Summit will connect local and regional regulatory bodies to key financial services providers via a series of panel discussions and presentations, thus providing a platform for in-depth analysis and discussion relating to market reform and regulation and the subsequent challenges and issues that arise. Over 150 senior level executives will attend the summit from a range of global financial regulatory bodies, exchanges, associations and authorities in addition to senior management and key heads of compliance and risk management from leading organizations within the financial services industry.
The emphasis of the Summit is on educational content, giving senior professionals the knowledge they need to act while still focusing on opportunities for growth. Sessions will be delivered by leading industry experts, with the ultimate directive of enhancing compliance, risk management and corporate governance culture across the region. The Summit will address the state of financial regulation in Australasia, including regulatory enforcement and supervision issues, the impact of extraterritorial regulation, alternative trading platforms, structural changes to superannuation, analytics in managing risk and culture, behavior and conduct.
Other organizations and leading industry practitioners that have confirmed their support for the event include Allen & Overy, Ernst & Young and Moody's.
“We are excited to facilitate this event in Sydney alongside some of Australia, and the region’s, leading industry bodies, regulators and market participants,” said Leas Bachatene, managing director & VP Asia Pacific, Governance, Risk & Compliance, Thomson Reuters. “With the on-going evolution of global regulation, first with FATF, Basel II then III, Dodd Frank and now FATCA, organizations have never been under more pressure. We hope that this event provides senior professionals with the knowledge that they need to make informed decisions while accelerating business growth.”
“Since the global financial crisis in 2008, we have witnessed a major shift in the demands of regulators right across the financial services sector,” said Andrew Price, Oceania Financial Services managing partner, Ernst & Young. “In this environment, it is important to understand not just the specific detail of individual regulations, but also the broader impact this continuing wave of local and global reforms may have on the Australian financial services market which is why we are pleased to support the inaugural Australian Regulatory Summit.”
“Regulatory developments continue to be at the top of the financial markets agenda both in Australia and around the world,” said Jason Denisenko, partner, Allen & Overy. “With participants in the financial services industry now being impacted by international regulation as well as Australian regulation, it is difficult to keep up to speed with the changes. Allen & Overy is delighted to be partnering with Thomson Reuters to help provide clarity and direction on the major developments impacting the Australian market.”
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