Wolters Kluwer will be sharing its expertise on RegTech today at the JWG Capital Markets Conference. The company, which is sponsoring the event in London, will have its experts on hand to answer questions about how RegTech can harness the use of information technology in the context of Finance, Risk and Reporting.
Richard Bennett, vice president and head of Regulatory Reporting, EMEA, for Wolters Kluwer’s Finance, Risk & Reporting business, will speak about how banks are ensuring synergies between RegTech and regulatory reporting. Among other areas up for discussion, Bennett will be exploring what a good infrastructure fit for AnaCredit, IFRS 9, EMIR Article 9, SFTR and MiFID II in 2017 looks like.
The event will welcome 300 senior-level executives from more than 50 financial institutions who will discuss the practicalities of adopting RegTech systems. Speakers include senior representatives from the European Central Bank, the European Commission, the Bank of England, Barclays, BNY Mellon, Credit Suisse and Goldman Sachs.
RegTech systems are being increasingly embraced by financial institutions, as noted in a recent white paper by Wolters Kluwer, ultimately aiding the automation of more mundane financial risk and reporting compliance tasks and reducing risks. Such systems effectively allow banks’ compliance functions to make more informed risk choices.
Late last year Wolters Kluwer took part in a TechSprint (sometimes referred to as a “hackathon”) organised by the U.K.’s Financial Conduct Authority (FCA). The event, “Unlocking Regulatory Reporting,” was designed to improve the interface between the regulator and regulated firms, allowing participating firms to discuss the practical uses of RegTech. Notably, the finance, risk and reporting technology vendor acted as the Regulatory Reporting Subject Matter Expert for the event.
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. The division’s prominent brands include: AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT Corporation, CT Lien Solutions, ComplianceOne®, Corsearch, Expere®, GainsKeeper®, LegalVIEW®, OneSumX®, Passport®, TyMetrix® 360, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.