Ingenia Consultants

"It's crunch time for EAMs – can they handle the pressure?" The external asset management business has matured over the past decade in Asia. Although the sector is still small, expectations of professionalism have increased, including regulator's expectations on compliance. Fortunately, the Monetary Authority of Singapore (MAS) still allows smaller external asset managers (EAMs) to outsource their compliance. This grants them access to the required expertise at a manageable cost. Hopefully, this support, as provided by Ingenia Consultants, can further a vibrant ecosystem. https://lnkd.in/gTt4reQ4

Our well-attended AIWM Regulatory & Compliance Update quarterly workshops will complete its 2024 series on 4th December. Supported by UBS Singapore, we look at the theme of enterprise-wide risk management, and examine how to strengthen the organisation’s cyber resiliency to mitigate fraud risks against evolving fraud and AML threats whilst ensuring appropriate frameworks are implemented to meet heightened regulatory demands, in this final instalment; as well as a panel discussion on the regulatory landscape – current themes and updates, helmed by esteemed speakers within the independent wealth ecosystem. Join our esteemed speakers, Patrick Busse, Head GFIM Singapore at UBS AG, Raymond But, Global Wealth Management Anti-Fraud Lead at UBS AG, Chiara Bartoletti, COO at Eightstone Pte Ltd, Joyce Woo, CEO at Leo Wealth, Rolf Haudenschild, Co-Founder at Ingenia Consultants and Tan Woon Hum, Partner & Head of Trust, Asset & Wealth Management Practice at Shook Lin & Bok for an insightful half-day event followed by a networking lunch as we collectively work towards elevating the professional standards of the industry. In the 2nd part of our workshop, together with Ingenia Consultants, we are launching an AIWM Regulatory Masterclass, exclusively for our Ordinary members, where we will explore the various components of enterprise-wide risk management (“EWRM”) – across the entire business, not just regarding money laundering and terrorism financing, to enable our members to develop a comprehensive risk management framework, identify risk typologies, and quantify risk within their business, keeping in view their business model. Seats are filling up fast! Register today! https://lnkd.in/gyfEhVZ5 #memberships #independentwealth #multifamilyoffice

Last week, SFA’s RegTech Subcommittee hosted a panel discussion on “Trade Surveillance and Disclosure: Driving Business Thrusts, Staying Protected – How Can You Remain Compliant?” Key takeaways from the expert panel included: 1️⃣ Financial institutions are often subject to international reporting obligations. Even large institutions struggle to keep track of all applicable requirements, and RegTech providers can assist in managing this complexity. 2️⃣ A robust data architecture is crucial for trade surveillance and reporting as data flows from various business lines and serves multiple purposes. A persistent challenge is the overwhelming number of trade surveillance alerts, where only a small fraction involve actual market misconduct. 3️⃣ Trade surveillance alerts must be explainable. Financial institutions need to demonstrate how suspicious transactions are identified. This not only supports their operations and regulatory expectations but also aids in assessing alerts and enforcing action by authorities. 4️⃣ The integration of advanced technologies is essential to manage large volumes of data and navigate complex markets with different regulatory nuances to meet demands for regulatory disclosure and trade surveillance. The event concluded with a networking session, where RegTech and Compliance professionals had the opportunity to connect and share insights. 🤝 #TradeSurveillance #Compliance #RegTech #RiskManagement #DataManagement Florian Dumas | Rolf Haudenschild | Jacqueline Pang, FCCA, CA (Singapore) | Leon Miri | Ekta Singh, CAMS MBA ICA | Yoke Ling Kew | Robin Lee 李显龙 | Julia Chin 陈碧茹 | David Symons | Andrew Chow | Srinivasan Manickam Shadab Taiyabi | Khai Lin Sng | Chye Kit Chionh | Scott Krivokopich | Adrian Ang | Adrian Chng | Bernard Chan| Matthew Lovatt | Pauline Sim | Shi Mei Chin | Tan Chun Hao | Reuben Lim | Shakeel Rashid | Swati Sodhani | Adeline, Bee Yen Lau (ACII) | Sylvia Saw McKaige | Gwendolyn Loh | Sheryl Aw | Christine Chua | Samantha Soong | Chung Wei Tat | Kayleen Tan | Shania Mu