Suade Labs

The panel on "Adapting to Basel 3.1 and PRA Supervisory Shifts," hosted by James Bowpitt, explored the upcoming Basel 3.1 standards and their impact on banking practices, with a focus on risk-weighted assets and credit risk measurement. The discussion covered the differences between the Internal Ratings-Based (IRB) approach, which allows for internal models, and the standardised approach with fixed risk weights, emphasizing the importance of accurate data and model calibration. The panel also examined the challenges of regulatory divergence across jurisdictions, noting the benefits of harmonisation versus the need for market-specific regulations, with the PRA's latest policy highlighting a balanced, flexible approach. Panel: phil evans, Director in the Prudential Policy Directorate, Bank of England; Aarti Sharma, Head Finance & Managing Director, EMEA, Sumitomo Mitsui Banking Corporation – SMBC Group; Gordon Kemp, Director in Financial Services Risk and Regulation, PwC; and Lee Grant, Director of Financial Reporting, Santander. Join Suade’s upcoming webinar for an in-depth analysis of the latest Basel 3.1 regulations: https://bit.ly/4eGQgor #RegTechForum2024

Suade’s CEO, Diana Paredes, will be speaking at the Singapore FinTech Festival from 6-8 November on the panel "Strengthening Digital Operational Resilience in Financial Services. Date: Wednesday, 6 November Time: 4:30 PM - 5:00 PM Location: Hall 5, Singapore EXPO

At this year's RegTech Forum, Charlie Quarterman, Regulation Solutions Lead at Suade, moderated a panel focusing on sustainable finance—a topic increasingly gaining prominence in the financial sector. The discussion highlighted the critical need for education on sustainable finance at both board and management levels, urging organisations to prepare for the future to avoid surprises in 5-10 years. Key barriers identified included the lack of standardisation in data, which complicates the comparison of risks across institutions. The panel emphasised that consistent metrics are essential for effective ESG compliance and that global standardisation is a must-have. Panelists included Adriana Ennab, Advisory Board Member of The Digital Dollar Project; Yaroslav Sovgyra, CFA, Head of ESG Risk at Lloyds Banking Group; and Paul Kennedy, Chief Risk Officer at Bank ABC. At Suade, we believe managing ESG risks effectively is vital for organisations to meet stakeholder, investor, and regulatory demands, and we offer tailored solutions to help businesses enhance their ESG risk management. Find out more here: https://bit.ly/3WK3OI9

Suade's CEO, Diana Paredes returns to the Singapore FinTech Festival, taking place from 6-8 November 2024. Diana will explore the impact of emerging technologies such as AI, Quantum Computing, and Digital Assets in transforming financial services and driving sustainable growth. This follows her recent panel at the RegTech Forum, where she discussed the role of regulation in raising industry standards and the opportunities AI offers in enhancing efficiency and streamlining key processes like KYC. To ensure innovation while mitigating risks, robust regulatory frameworks and ethical AI policies are essential. We look forward to joining the global financial community at the event.

Diana Paredes, our CEO, contributed to Eurofi Magazine on Cybersecurity and Digital Operational Resilience. Diana's feature focuses on the critical intersection of compliance and innovation amidst the operational resilience challenges faced by SMEs. Read the full feature alongside contributions from other experts on this topic, including: - Gerry Cross, Director of Financial Regulation, Policy and Risk at the Central Bank of Ireland - François-Louis Michaud, Executive Director at the European Banking Authority (EBA) - Francesco Mazzaferro, Director General of the Secretariat at the European Systemic Risk Board - David Bailey, Executive Director for Prudential Policy at the Bank of England - Tulsi Narayan, Senior Vice President for Security Solutions and Processing APEMEA at Mastercard - Thiébaut Meyer, Director of the Office of the CISO at Google Cloud Security

The UK’s Prudential Regulation Authority (PRA) is moving to streamline regulations while balancing post-2008 safeguards with economic growth, a shift that could have significant implications for banks. Key Changes: - Planned adjustments to the Senior Managers and Certification Regime (SMCR) aim to ease compliance, reducing regulatory strain on banks while maintaining accountability for senior executives. - Regulations like the cap on bankers’ bonuses and ring-fencing are being relaxed to encourage a more growth-friendly environment. - The PRA is offering more manageable capital requirements for smaller institutions to improve competition. For banks, these changes could reduce compliance costs and open up growth opportunities as the regulatory landscape becomes more streamlined. However, balancing accountability with these newfound flexibilities remains critical. Read the full article here: https://lnkd.in/etrPnT5k

Suade’s Head of Product, Florent Audigier, will be featured as an expert guest on an upcoming webinar hosted by Teilen Solutions! With over 12 years of experience in regulatory technology, Florent has led the successful delivery of complex change programs for financial institutions and advised Tier 1 banks as a management consultant. As banks face growing challenges in regulatory reporting and risk management, this 45-minute session will cover how data standards like BIRD and IREF can transform your approach, enhancing efficiency and simplifying compliance. Joining Florent will be Neil Mackenzie from BirdSoftwareSolutions and Thomas Hergenhahn, Partner and Regulatory Expert at Teilen Solutions, who will share actionable strategies to tackle Basel 3.1/4, IRRBB, improve data quality, and streamline reporting. 📅 Date: 31 Oct ⏰ Time: 4:00 PM GMT Register now to hear Florent and gain valuable insights: https://lnkd.in/efkMwH3q

The "RegTech, AI, and the Evolving Landscape" panel, hosted by Suade's CEO, Diana Paredes, emphasised the critical role of regulation and data in shaping the future of finance. Regulation was seen as essential, not optional, with higher standards pushing the financial industry forward. Thomas Morrissey, Managing Director at Goldman Sachs, reflected on the impact of the 2008 financial crisis, emphasising how technology has advanced risk management, transparency, and automation while noting that RegTech still has a long way to go. The focus is now shifting toward data standardisation and accuracy, which are crucial for the success of internal models and automation. Nessa Downward, Head of Regulatory Reporting at SilverRock Bank, stressed the importance of consistent data standards across institutions to drive efficiency. Mark Mahers, Head of Finance Systems and Data at Coventry Building Society, discussed how RegTech adoption provides a competitive advantage but needs to balance innovation with practical implementation. The panel also highlighted the growing role of AI, particularly in Know Your Customer (KYC) processes, and the importance of responsible, compliant AI use, driven by strong regulatory data foundations. Further takeaways in our panel roundup: https://lnkd.in/eXkYeyFZ

This week’s RegFocus is packed with exclusive content! Alongside the latest global regulatory updates, we’re bringing you an insider’s look at the key takeaways from our recent RegTech Forum. Hear what top industry experts had to say about the future of finance, RegTech, and AI.

📢 Join our webinar on 24th October for a deep dive into the UK Basel 3.1 Reforms! The Prudential Regulation Authority recently announced a six-month delay to the implementation of Basel 3.1 standards, impacting capital requirements for SMEs, trade finance, and infrastructure lending. This webinar, featuring experts from Suade, HSBC, and Santander, will provide a clear overview of these reforms, including: - A review of all Basel 3.1 policy statements - Impact assessment of changes to UK entities - Strategic navigation for banks operating in multiple jurisdictions Register here: https://lnkd.in/eKteT92s #Basel3 #banking #financialregulation #riskmanagement