May 7, 2015
Thomson Reuters to Host 3rd Australian Regulatory Summit in Sydney
Sydney - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that the 3rdAustralian Regulatory Summit will be hosted in Sydney on May 27th, 2015.
This year’s Summit will provide an independent forum for Australia’s regulatory bodies, financial services professionals and corporates to discuss the mission-critical factors and future direction of regulatory reform shaping Australia’s financial services sector.
The Summit will host one day of keynote addresses and panel discussions looking at a review of major financial and regulatory changes in Australia, market supervision and market integrity, conduct risk, financial crime and anti-money laundering, Know Your Customer (KYC), cyber threats and cyber security governance and navigating bribery, corruption and other third-party risks. Discussion will also delve into best-practice approaches to risk management, corporate governance and compliance to further establish Australia’s position as a robust financial services centre.
Among others, speakers confirmed include:
- Greg Tanzer, Commissioner, Australian Securities and Investments Commission (ASIC)
- Philip Lowe, Deputy Governor, Reserve Bank of Australia (RBA)
- Paul Jevtovic APM, Chief Executive Officer of the Australian Transaction Reports and Analysis Centre (AUSTRAC)
- Camille Blackburn, Advisor and Director - Regulation and Financial Systems
- David McLean, Acting Assistant Commissioner, Australian Federal Police
- Belinda Gibson, Principal, BG Advisory
- Julie Beesley, Chief Financial Crime Officer, Westpac Group
- Christian Hunt, Global Head of Compliance & Operational Risk Control for Asset Management, UBS
- John Fildes, Chief Executive Officer , Chi-X Australia
- Ronald Tucker, Chairman, Australian Digital Currency Commerce Association (ADCCA)
- Richard Gray, Executive Director, Head of Regulatory Reform, Westpac
“The peak of regulation impacting Australia’s financial services industry has never been greater. We’re looking forward to bringing together a high-level group of key decision-makers and professionals to review the risk and regulatory environment and the effects on financial services and businesses,” said Daryl Sisson, managing director of Thomson Reuters Financial & Risk business for Australia and New Zealand. “Thomson Reuters remains committed to connecting this community to ensure the sharing of industry best practices in Australia and globally.”
“The latest Thomson Reuters Conduct Risk Global Report with financial institutions revealed that the culture and behavior dictating how firms are conducting business has become an important priority and focus for regulators, including Australia. Firms have boosted time and resources devoted to managing conduct risk, yet there is still a significant gap between awareness and implementation of effective policies across a firm. With regulatory requirements continuing to increase in both quantity and complexity, this year’s Summit can deliver much needed industry discussion and debate,” said Niall Coburn, Thomson Reuters Regulatory Intelligence Expert for the Asia Pacific region.
According to the Conduct Risk Report 2014/15, conduct risk continues to be a priority for regulators. Thomson Reuters second annual survey on how financial services firms are managing conduct risk has identified it as a major concern for firms: The survey found that “81 percent of firms remain unclear about what conduct risk is and how to deal with it. Hence this area remains a major challenge for firms in 2015 with significant resource dedicated to it.”
Over 350 senior executives are expected to attend the Summit from key financial regulatory bodies, exchanges, corporates, industry associations and financial services firms including C-suite level executives and senior risk and compliance professionals.
The 2015 Summit is supported by the CFA Institute.
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