CA$35

Beat the Rising Tide – Innovative Technologies to Manage Conduct Risk

Event Information

Share this event

Date and Time

Location

Location

RSA Archer / EMC office:

120 Adelaide St W

Suite 1400: Room: Nahanni

Toronto, Ontario M5H 1P9

Canada

View Map

Refund Policy

Refund Policy

Refunds up to 7 days before event

Event description

Description


Regulators around the globe are increasingly focusing on sales practices and broader issues of conduct risk to ensure the market environment is worthy of the public’s trust and characterised by transparency and integrity.

In 2018, the Canadian government introduced a new consumer protection framework (B-C86) signalling an interest in higher standards and oversight of consumer protection issues by management and boards of regulated institutions. The Financial Consumer Agency of Canada’s (FCAC) 2018 review of the retail sales practices of Canada’s six largest banks found that control frameworks were insufficient to monitor, identify, and mitigate sales practices-risk. The Canadian Securities Administrators have proposed enhanced rules for business conduct for derivative participants and IIROC emphasized in their 2018/19 Compliance Priorities Report that business conduct will remain a top priority in their supervisory oversight.

Financial institutions have made good progress to strengthen their governance models and embed conduct risk into their overall risk framework. However, identifying a suitable set of risk indicators and underlying metrics for measuring sales practices and employee conduct and providing actionable reporting remains a challenge.

New technology can act as a disruptor to how financial institutions engage, monitor and interact with their customers but it also presents opportunities. Using new tools to harness the availability of data can help to refine controls, detect anomalies and predict patterns across different domains and systems.

This session will provide perspectives from the industry on the opportunities and challenges of emerging technologies to support sound conduct risk management. Several RegTech firms will present case studies on how they have used technology to optimize risk operating models to better detect and report conduct risk.

Speakers include:

Greg Keeling, Director, Ethics and Conduct Office, BMO Financial Group

Jay F McMahan, Partner, Deloitte

Case Studies

Tim Sweeney, SVP North America, Corlytics

Robert Kirwin, CEO and Co-founder, VigilantCS

RSA Archer/Luiz Daia, Partner, Deloitte

Greg Woolf CEO and Founder, Coalesce AI


Kindly sponsored by RSA/Archer

Share with friends

Date and Time

Location

RSA Archer / EMC office:

120 Adelaide St W

Suite 1400: Room: Nahanni

Toronto, Ontario M5H 1P9

Canada

View Map

Refund Policy

Refunds up to 7 days before event

Save This Event

Event Saved