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Wolters Kluwer Financial Services Offers Insight on Emerging Risks, Opportunities Tied to Singapores New MAS Directives

Learn how regulatory reporting in Singapore can impact your business in this webinar

Regulatory intelligence experts from Wolters Kluwer Financial Services will be briefing banks in Singapore on significant changes resulting from two recent reports issued by the Monetary Authority of Singapore. The presentation, Regulatory Reporting in Singapore: Overview of Changes That Will Impact Your Business in 2015, will be held Thurs., March 19, 2015 from 2 to 3:30 p.m., local time, at the Raffles Hotel in Singapore.

In December 2014, MAS issued a consultation paper on proposed revisions to MAS Notice to Banks 610 and MAS Notice to Merchant Banks 1003. The consultation paper outlined new requirements which are expected to have a significant impact on all banks and merchant banks in Singapore.  

“These changes will require banks to work with different data sets, perform a complete data gap analysis, develop new procedures, implement technological changes and set aside sufficient time and manpower resources for implementation,” said James Stewart, general manager, Asia Pacific Compliance with Wolters Kluwer Financial Services. “We are excited to host this conversation to help banks cope with the resulting risks and opportunities afforded by these new regulations so they can maintain an eye on safe growth and profitability.”

The event will feature an overview of the proposed changes as well as an assessment of the impacts they will have on local banks and banks operating in Singapore. A panel featuring Stewart along with experts from Deloitte, EY and RBS, will discuss the challenges of MAS 610, best practices for banks in adapting to the new regulations, and a look at possible future trends.

To learn more, register for the Wolters Kluwer Financial Services’ event.

About Wolters Kluwer Financial Services

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 40 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.