In an increasingly regulated environment, compliance has become a critical component for banks and financial institutions. The regulated financial intermediaries need to ensure compliance to all applicable statutory provisions, rules and regulations, various codes of conducts (including the voluntary ones) and their own internal rules, policies and procedures. Adherence to applicable statutory provisions and regulations needs to be the responsibility of each staff member in the regulated entities and this needs to be ensured by the compliance function developing an appropriate compliance culture in the organization. The role of compliance function is becoming more complex and facing new risks, with new age banking tools, customized products & their delivery, myriad payment systems and use of intensive technology. The compliance function should not be seen as a reactive function attending to some breaches, but should be a proactive system well integrated with the core functions of the organization. The recent compliance breaches and subsequent regulatory actions in few cases, should spur every organization to ponder and revisit their compliance framework for its robustness & effectiveness.
This two-day conference seeks to provide a perspective on the emerging challenges in compliance function and ways to enhance the effectiveness of the compliance function in the regulated entities, apart from sensitizing participants on regulatory and supervisory expectations.
The conference will deal with the following:
CCOs, Heads of Compliance and their senior team members from Banks, FIs, NBFCs and Urban Cooperative Banks • Other C-suite officers and Board Members