• 2020/06/23 2020/06/23 Your current timezone
  • 10:00 – 11:00 CEST 10:00 – 11:00 CEST Your current timezone
  • Webinar

Interactive discussion about opportunities through IT outsourcing and cost-effective strategies for forward looking banks

We are currently facing an unprecedented global challenge due to the COVID 19 pandemic. At the same time, low interest rates, digitalization and new competitors continue to put massive pressure on the financial industry. In these unpredictable times, it is more critical than ever for financial institutions to remain proactive and adapt quickly to the new circumstances. The implementation of an appropriate Business Continuity Management (BCM) aims at identifying critical functions and infrastructures to ensure business continuity and has become a priority for banks.

In this context, financial institutions must think about new models of cooperation. Standardization, industrialization and automation are logical ways of exploiting economies of scale across borders. More and more banks consider also outsourcing of non-core business processes, such as regulatory reporting. In fact, outsourcing in the form of application management and operation as managed services, for example, can help to reduce IT operating costs and efforts while ensuring business continuity for regulatory reporting.

To examine these topics, we hosted a webinar on “Business Continuity in Regulatory Reporting” in partnership with Connect Global Group. An international expert panel discussed:

  • Measures in the area of regulatory reporting taken by supervisory authorities in reaction to the current crisis triggered by COVID-19 pandemic and their impact on financial institutions
  • Business continuity management in regulatory reporting
  • Managed services in regulatory reporting and BCM:  Challenges and opportunities
  • Example of an IT outsourcing setup

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  • Maciej Piechocki, as the Chief Revenue Officer, is responsible for Sales, Sales Operations, Account Management, Alliance Management, as well as Marketing & Communications and is driving the international market development for Regnology’s solutions. He has been specializing in the areas of technology and regulation, particularly in the financial services sector, and has been working with banks, insurance companies, central banks, and federal authorities across the globe.

  • Colin has been with BNY Mellon for the last 3 years as Regulatory Product Manager. He is responsible for ensuring that all products within Asset Servicing are compliant with upcoming regulations and serve our client’s needs to meet the regulatory requirements, including MIFID II, GDPR, MMFR. He represents the company on a number of RegTech Award panels and industry Event Advisory Boards, and helps to co-ordinate the BNY Mellon Tax & Regulatory Client Forum. This industry-leading event includes a number of RegTech panels and the creation of a regular BNY Mellon RegTech Forum. Prior to joining BNY Mellon, Colin spent 4 years working at Barclays as Industry & Regulatory Engagement Lead for Data Management, working with RegTech and vendor solution providers to assess solutions to meet the upcoming Regulatory challenges.Previously, he was Global Product Manager for Omgeo CTM responsible for developing the product to meet all client and regulatory requirements. He has also spent time at a number of leading Investment Bank institutions, including Deutsche Bank, Nomura, and Goldman Sachs, across a broad range of Data Management, Client Service and project management roles.

  • Moritz Plenk is Senior Manager at Regnology and responsible for the new service offering "RegTech Factory". Moritz Plenk has many years of experience in consulting services within the financial services industry, specialized in regulatory topics. He mainly focuses on outsourcing and competition models in regulatory reporting. He also deals with emerging technologies like DLT, AI and Big Data, and how they can be used in banking supervision and regulatory reporting.

  • Niresh is senior leader in Financial Services with 20 years of experience focused on Data, Regulation, Automation and Transformations. Niresh mentors and advices FinTech's, Reg-Techs' and Data Technology companies across Europe. Niresh led a number of capabilities with a Tier 1 Universal Bank covering Regulatory Change Developments, Regulatory Change Execution, Data Driven Solutions (innovation) & Automation of Controls. Niresh also established & leads the Reg-Tech capability covering Regulation to Controls and Regulation to Reporting and is leading on integrated solutions with selected Reg-Tech & Data Companies. He has led major complex regulatory programmes at Board level including Brexit changes, GDPR, MIFID II, Dodd-Frank EMIR, FATCA/CRS, LIBOR and DGSD.

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