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TIM-WKFS 2015 Finance & Risk Summit: Regulatory Trends Impacting Banks in Philippines

Posted at April 21, 2015

 

Total Information Management Corporation in partnership with Wolters Kluwer Financial Services, with the support from Microsoft Philippines, held it's 2nd Annual Finance and Risk Summit last April 21st at New World Hotel Makati.

 

A successful event well attended by the top executives coming from 27 leading Banks in the country.

 

The summit brought in Governance, Finance, Risk and Compliance experts from various countries to share insights into key regulatory issues impacting banks in the Philippines.

 

Highlights of the agenda included:

 

Keynote speaker Mary Jane T. Chiong, director at Bangko Sentral ng Pilipinas, presented on best practices for banks in moving "beyond compliance" and navigating the current financial regulatory landscape.

 

Matthias Coessens, APAC market manager for finance with Wolters Kluwer Financial Services, provided updates on IFRS9 (International Financial Reporting Standards 9), "GATCA", or Global FATCA  (the Foreign Account Tax Compliance Act), Basel III and Governance, Finance, Risk and Compliance, or GFRC issues;

 

Piet Mandeville, APAC market manager for risk with Wolters Kluwer Financial Services addressed how financial institutions can better gain an enterprise view of risk in light of ongoing local and global regulatory change management;

 

Matt Field, vice president, APAC advisory with the company discussed how new and updated regulations impact operational risk processes.

 

Guest speaker Christian G. Lauron, partner, SGV & Co. at EY, presented the impact of financial regulatory reform on various business models.

 

"The Philippine Banking industry is continuously faced by many governance, risk and compliance changes to ensure operational soundness and global competitiveness of banks. Institutions in this industry have always been tight and collaborative. Summits such as this bring inspired people together to further drive sharing of industry insights and best business practices, we are privileged to be a part of this" said Migs de Guzman, Sales Director - Banking and Financial services division of TIM as he addressed and welcomed everyone during the aforementioned event.

 

"We brought together leading experts to discuss the many challenges banks are facing in today’s regulatory environment," said Chris Puype, managing director, APAC, with Wolters Kluwer Financial Services. "Assessing and preparing for regulatory change is a critical path to ensuring safe growth and profitability."

 

The Finance & Risk summit held last held last 21st of April 2015 was a big success not only in terms of very good quality turn out but undisputedly proving that TIM Corp. along with it's principal partners will always be ahead of the game.