Skip to main content

Key takeaways from XLoD Global - London

Watch highlights from XLoD Global - London

Loading
  • The 3 lines of defence must cope with both a tightening regulatory environment and the evolution and expansion of non-financial risks: Enforcement has become tougher in the US over basic record-keepin ...
  • Surveillance professionals face challenges all the way from coverage to solving the false positives problem, and from getting on top of fixed income to defining their journey towards risk-based survei ...
  • As well as a tightening regulatory environment for traditional risks, banks face complex new challenges in areas such as resilience, digital assets and ESG disclosure.

Insights from Bloomberg and RBC

Loading
  • Trusted partnerships between the risk functions and the front office are fundamental to effective risk management – you cannot run a control function without trust and mutual confidence in each other’ ...
  • When thinking about delivering effective controls change management, practitioners inevitably focus on the organisational and business constraints that limit the pace and sophistication of change.
  • A key surveillance challenge is balancing the expectations of the business with the resources and priorities of the surveillance team. It is the responsibility of the business to understand the functi ...
  • One of the key tensions involved in understanding what a right-sized risk function might look like is regular driven demand versus improving risk maturity. These two priorities can often align so that ...
  • The big US fines around data capture illustrate an interesting dichotomy: while banks and technology companies work on sophisticated analytics, AI, and behavioural models, the basics of data capture a ...
  • Every new piece of regulation and every market innovation demands a big programme to incorporate it into banks’ non-financial risk management frameworks. Often that programme delivers a huge number of ...

Keynote: Bill Winters, Chief Executive Officer, Standard Chartered Bank

Loading
  • All risks are owned by the 1st line and financial crime risk is no different. As the accountable officers, and in order to feel the required level of ownership, it is important for business leaders in ...
  • The senior leaders of risk management functions we spoke to agree that the future of operational risk management is about data, data, data – and that’s a consistent view across the 3 lines of defence.
  • There is a strong consensus amongst front line business leaders and risk professionals across the 3 lines that culture and conduct has improved significantly over the past couple of decades.