Wolters Kluwer Financial Services is holding its third annual Client Conference for EMEA today and tomorrow in Luxembourg. The event brings together the firm’s valued clients from across the region, allowing them to discuss regulatory, risk, finance and compliance trends and challenges. Notably, the conference also allows clients to influence and drive Wolters Kluwer Financial Services’ business strategy.
The event will kick off with a welcome address by Clive Pedder, managing director, EMEA, for Wolters Kluwer Financial Services. This will be followed by a keynote by Thimon De Jong, director of strategic foresight think tank Whetston and lecturer at Utrecht University. De Jong will challenge financial institutions to think about how they are future proofing their strategy.
Keeping with this theme, Richard Reeves, vice president of Strategy for OneSumX at Wolters Kluwer Financial Services, will then discuss why taking a holistic view across Governance, Finance, Risk and Compliance (GFRC) is the crucial next step for firms wishing to break existing silos and be truly ready for the future landscape.
A key part of the conference will be made up of various work streams, which will provide clients with the opportunity to hear from their peers and other guest speakers, including Giancarlo Pellizzari, head of the Supervisory Statistic Division at the European Central Bank. There will also be interactive sessions around the roadmap and product development, as well as opportunities for one-to-one meetings with product team and subject matter experts from Wolters Kluwer Financial Services.
Clients will also be among the first to read the newly released white paper “BCBS 279 – Derivatives under the regulatory spotlight... again.” The report examines how derivatives have been a focal point for supervisors and regulators through various initiatives since the financial crisis.
Specifically, the paper looks at BCBS 279 – the standardized approach for measuring exposure at default (EAD) for counterparty credit risk (SA-CCR), replacing the current exposure method (CEM) and the standardized method (SM). Importantly, firms are urged to assess whether they will need an early adoption of the new calculation method and whether they have the necessary mechanisms in place to measure the impact on their business.
Closing this year’s conference, Moorad Choudhry, CEO of Habib Bank and visiting professor at Brunel University and University of Kent Business School will discuss the future of banking and how - contrary to media reports - banking is not broken and does not necessarily “need fixing.”
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 170 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.