Agenda

May 7

08:30	Coffee and registration
09:25	Chairperson's opening remarks David Skade, head of financial security and MLRO, Calyon
09:30	Welcome and thought leadership from Complinet Chris Pilling, CEO, Complinet Ltd
09:40	Understanding your risk exposure The FSA is urging firms in all areas of financial services to regularly reassess the risk to their business and ensure that they are effectively mitigating that risk. It is therefore imperative that firms do a lot of stress testing and continue to conduct their normal processes with continuing vigour in the light of possible ongoing threats. The following session will provide you with the latest risk concerns facing your firm. Cary Dapel, director of compliance, legal and risk management, ECU Group plc and former chairman, The Institute of Risk Management
10:30	Panel discussion: Managing risk – a compliance conundrum? Mere compliance is no guarantee of good risk management and in fact may go against the spirit of the regulators. While minimising risk is critical to business success, it is equally important to reduce day-to-day operational risk. As one of the most effective means of managing compliance and avoiding the risk of non-compliance, enterprise risk management is recognised by forward-thinking organisations as the best long-term, sustainable and cost-effective solution to meeting the ever increasing compliance requirements which companies face today. Topics and questions will include: Assessing risk tolerance and exposure across the company What do firms need to do to manage risk more actively? Using "heat maps" as a way of identifying risk within your firm on ARROW visits Developing compliance as a risk management discipline How can risk management provide competitive advantage within the market? James Ryan, head of framework & policy developement, Lloyds TSB Group Compliance & Operational Risk Cary Dapel, director of compliance, legal and risk management, ECU Group plc and former chairman, The Institute of Risk Management Neil Cowie, senior manager, Deliotte
11:15	Morning break
11:45	Panel discussion: Evaluating your KYC program – the good, the bad and the ugly? The ease with which banks and financial institutions operate across global jurisdictions is a welcome development. The downside of entering into new markets is the increased regulatory compliance risk exposure to organizations and the additional operational burden, specifically in the area of confirming beneficial ownership. The latest and impending directives have taken a more of a holistic approach, it’s not a simply a case of “know” your customer. You must also know the person, business, correspondent bank, introducing broker, beneficial owner or someone else who is behind your customer. Expert panellists will be on hand to discuss what risks you can face in the ever-changing market. Topics and questions will include: Demonstrating AML compliance under principles-based regulation Co-ordinating an enterprise-wide AML compliance programme Beneficial ownership Local jurisdictional challenges Risks associated with a firms multi jurisdictional expansion Can technology help provide a total end-to-end AML solution? Julian Lamb, director, registry, Jersey Financial Services Commission Chris Leatherland, head of financial crime & MLRO, GE Money Richard Russell, group managing director, global screening, Complinet Ltd
12:45	Lunch
	During the networking break visit the Complinet stand to discover how Complinet's TransWatch™ allows you to detect, investigate and resolve suspicious transactions.
13.50	Panel discussion: Don't run the risk of SYSC In December 2007, the FSA imposed a fine of £1.26m on Norwich Union Life. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. It is vital that these requirements are understood by senior managers in order to achieve full compliance and avoid regulator censure. Topics and questions will include: Tightening controls that surround insider information Maintaining the level of quality staff Ensuring SM demonstrate their commitment to avoiding market abuse "Spreading the word" — developing the culture Maintaining back office and documentation procedures Ensuring that risks are robust How can technology help connect internal policies and procedures with the external regulations and rules? Simplifying policy and procedure management through best practice What effect does this have on structures and resources within the organisation? Brian Harte, group head of compliance, Europe and Asia, Royal Bank of Canada Angela Hayes, partner - financial services, Mayer Brown International LLP Annie Mills, senior compliance manager, Standard Bank Tom Golding, group director of solution services, Complinet Ltd
14.30	Panel discussion: More principles based regulation — it's the principal that matters! The FSA, despite the current state of the market, has said that it is still committed to a move towards more principles-based regulation that focuses on outcomes and consequences of actions, including consideration of risks. With compliance officers increasingly having to take a more judgment-based approach to their work under the new regime, firms are increasingly under pressure to make sure that they are constantly informed and understand emerging legislative and regulatory issues to respond quickly to change. Topics and questions will include: Regulatory uncertainty: coping with the grey areas Managing information management, retention and retrieval needed to evidence and justify why decisions were taken Getting used to the norm: constant obligation to review the conformity of their business practices How will the FSA enforce MPBR? What is required of firms in terms of training? Regulatory viewpoint from the FSA How can regulatory changes be monitored and tracked? Disseminating information throughout the business Consequences of not reacting to change Roland Natrass, associate, Nabarro LLP Marcus Sephton, parner, head of Europe regulatory team, KPMG Maria Redmond, head of regulatory affairs, Complinet Ltd Allan Dampier, head of UK compliance, Kleinwort Benson Private Bank
15.30	Chairperson’s closing remarks and drinks reception