CeFPro Newsletter EMEA

CeFPro Newsletter EMEA
Issue 70 // September 4, 2020 // View in your browser

CeFPro’s September newsletter brings you insights on IBOR transition, business continuity from BNYMellon, UAE regulator on IFRS 17, plus several free* to attend virtual events on financial crime, third party risk, liquidity risk and more…feel free to share with your colleagues.

  Global Fraud & Financial Crime Virtual Event

Non Financial Risk 2021 Global Research

Global Fraud & Financial Crime Virtual Event
Claim your complimentary pass today!
September 15-17, from 3pm BST, hear from over 15 senior industry presenters, and interact with 300+ attendees. Complimentary passes to all attendees from regulated financial institutions. Click here to secure your attendance.

Non-Financial Risk Leaders 2021 Research Survey
Closing this month - Have you added your voice?
Covering a range of sub-categories of Non-Financial Risk, this year's survey will provide all end-users with a complimentary report covering; business requirements, investment priorities, benefits, challenges and opportunities. In addition the final findings will give detailed insights into costing, implementation, customer service, adaptability of key solution providers and more.  
Click here to add your response to the 2021 research  

FinTech Finance - Third Annual FinTech Leaders Survey

Communication and understanding of impacts of IFRS17 on company accounts to internal and external stakeholders
This could reduce the value of IFRS17 because it is intended to result in better outcomes than the current IFRS 4. However, the principles-based approach creates room for making company-specific judgements, meaning there would be a challenge to seek an “equivalence view” or reconciliation between different companies’.

Oscar Kitasoboka, Chief ActuaryUAE Insurance Authority

Business Continuity
Developing business continuity and incident response plans for damage limitation in a loss event
The pandemic has forced all but the most essential in-house staff to work remotely. While there is uniform IT protocol for all of our offices (i.e. firewalls), the same cannot be said about each employees’ or vendor staff home internet. As such, a continuity plan has to have an agile financial budget for ensuring that every remote employee has an appropriately secure connection.

Alpa Inamdar, Head of Third Party Governance AdvisoryBNY Mellon

The ARRC’s progress to date and priorities going forward in the transition

The ARRC’s primary concern is about legacy contracts that do not have legally viable or commercially reasonable language to deal with the end of LIBOR. Further, for many cash products, it is quite challenging to amend fallback language post-issuance, as doing so generally requires 100% of noteholder consent.
Tom Wipf, Vice Chairman of Institutional Securities, Morgan Stanley / Chairman, ARRC

Client Experience
Establishing a mature client experience practice as part of the digital transformation strategy

It is not sufficient to merely monitor processes and mitigate potential break points. Customer experience as a discipline is much more impactful when it looks to find solutions to help clients achieve their goals, by understanding their expressed or deducted needs
Martin Lange, Director, Client Experience Strategy, BNY Mellon

MCO: Why less is More - Consolidate Compliance Technology to Reduce Cost and Risk


Complimentary virtual events and webinars
Optimising Liquidity Webinar

Optimising liquidity through emerging technologies in a post-pandemic world

Key topics include: Data, AI, Intraday Liquidity, Liquidity Frameworks, Predicting Short-Medium Term Liquidity

Register for webinar here

Fraud & Financial Crime Summit

Global Virtual Fraud & Financial Crime Summit

September 15-17 @ 3-6pm (BST).

Key topics include: Internal Fraud, Application Fraud, Push Payment Fraud, AI and more.

Register for the 3 day Summit here

Free to all from registered financial institutions.

Vendor & Third Party Risk Summit

Global Vendor and Third Party Risk Summit

October 6-8 @ 3-6pm (BST).

Key topics include: TPRM, Resilience, Regulation, Technology, Outsourcing, Cloud technology and more.

Register for the 3 day Summit here

Free to all from registered financial institutions.

IBOR Europe Forum

IBOR Europe

October 20 @ 9am-12pm (BST) 

Key topics being addressed include; Transition, Risk Free Rates, Impact of Change, Preparedness and more

Register for the 1 day Forum here

Free to all from registered financial institutions.

Risk EMEA Summit

Virtual Risk EMEA Summit

October 21-23 @ 9am-12pm (BST) 

The three individual workstreams of this event will focus on: Innovation and Resilience, Market Trends and Credit Risk.

Register for the 3 day Summit here

Free to all from registered financial institutions.

IFRS 17 Summit


November 5-6 @ 9am-12pm (GMT) 

Key topics being addressed include; Transition & Implementation, Endorsement Process, Key Performance indicators, Re-Insurance and more

Register for the 2 day Summit here

Free to all from registered financial institutions.



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Email: info@cefpro.com

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