Global Compliance Issues


This session on first day of the 6th Copenhagen Compliance Conference will be devoted to the Financial Services Sector. Presentations, panel discussions and interactive sessions will focus on: Liquidity Risk Management, Regulatory Compliance, Effective Reporting Structures, Process and Risk Management.

We continue to experience sweeping reforms in all sectors of the industry, with rules and regulations aiming to alleviate the worst impacts of the financial and sovereign debt crisis, and establish an international framework to prevent and mitigate future problems. In addition, the high profile frauds and failures of oversight as have occurred with the Madoff and MF Global events have impacted end-investors and put into question existing systems and methods of control.

We will reflecting on the thesis that there indeed is a governance problem within the financial sector which has defacto privatised profits and socialised losses:
  • There is a widely prevalent political will to make financial markets and institutions pay more for the costs of explicit or implicit guarantees provided by national governments
  • There is a desire to force changes to the business models of financial institutions
  • There is an increased emphasis on ensuring taxes are collected on revenues from profitable investments
  • The micro-economic behaviour of financial markets is under scrutiny, including trading strategies such as naked short-selling

All these activities combined make the financial sector a case-study of the challenges of how policy and oversight is translated into implementing measures:

The storyline of the Copenhagen Compliance continues with the focus on the Financial services sector and what other trades can learn from the various GRC topics that we touch upon with the following unifying themes:
  1. The legislation states intent, but isn't actionable
  2. The implementing measures rely on regulators having the capacity to defined detailed requirements
  3. Market participants make the right input to ensure that requirements are efficient
  4. There are contradictions between different regulations that aiming at ensuring market infrastructure can efficiently perform its work, and achieving some other goal such as raising tax revenues

Much has been written about Stress Testing & Scenario Analysis – how prepared are you and your organisation? What can we learn from the financial services industry?

The many key issues and topics we will be addressing also include:
  • Determining the relationship to Value at Risk
  • Designing scenarios for firm specific events
  • Aggregating the results
  • Translating stress testing scenarios into impact
  • Integrating reverse stress testing with enterprise risk management
  • Communicating results to managers, director and regulators
  • Understanding how it will be used
  • Deciphering governance for the stress testing program
  • Developing an action plan – from kick off to integration

We need the critical and informative information on Global Compliance issues to be kept abreast of the latest challenges and solutions.
Key issues and topics to be addressed include:
  • Assessing the Changes to the Definition of Capital
  • Variations to the Regulation of Market and Credit Risk
  • Amendments to the Securitisation Framework
  • Overview of a Liquidity Framework
  • Counter-Cyclical Capital Buffers

We will end the day with aRound Table discussion on Global Compliance issues with a number of experts will include:

Have your questions ready!
  • There is a widely prevalent political will to make financial markets and institutions pay more for the costs of explicit or implicit guarantees provided by national governments
  • There is a desire to force changes to the business models of financial institutions
  • There is an increased emphasis on ensuring taxes are collected on revenues from profitable investments
  • The micro-economic behavior of financial markets is under scrutiny, including trading strategies such as naked short-selling

After the first day with so much of valuable information, guidance, training and inspiration we believe that it calls for a Carlsberg or a drink!