Compliance functions are a key component of banks’ second line of defense for managing risks. 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. It is desirable for any financial institution to ensure that its compliance function is ahead of the curve by implementing appropriate changes to its operating model/s and processes, enhancing efficiency and without compromising on the quality of oversight. With the banking sector becoming tech-intensive, concerns pertaining to cyber risks, data privacy, data protection and outsourcing due to the general increase in the complexities in operations, compliance risk management has gained importance. Therefore, it is mandatory for the regulated entities to put in place a robust compliance framework to avoid regulatory strictures against them and save themselves from any reputational loss.
This two-day program would provide an opportunity to the participants to understand the regulatory perspective, expectations and concerns. The participants will be apprised of the emerging compliance landscape and challenges including increasing complexities in operations of financial institutions and in adoption of technology.
The program will deal with the following topics:
CCOs, Heads of Compliance and their senior team members from Banks, FIs, NBFCs and Urban Cooperative Banks Other C-suite officers and Board Members