Tuesday 30th May, Sydney, Australia. Leading financial services technology partner, TAS, is launching their inaugural, first-of-its-kind Compliance Index at an executive roundtable event today.
Highlights from the inaugural Index findings will be discussed, including how 76 per cent of companies are increasing spend on compliance year-on-year, with over half adopting cloud. Further to this, Index participants called for regulators to reduce regulatory complexity and collaborate further with RegTechs.
Moderated by Kris Peach, Chair & CEO, Australian Accounting Standards Board, the Index roundtable will be attended by a range of high-profile guests, including: Karen Malzard, Head of Risk, Global Pensions & Investments and Insurance for Global Wealth – ANZ; Blair McAuliffe, Chief Risk & Compliance Officer – MetLife; and Michael Vainauskas, Chief Risk Officer / General Manager Risk & Internal Audit – Perpetual.
The roundtable discussion will cover the Index findings in full, as well as current compliance trends, opportunities and challenges facing Australian organisations today in an environment of increased complexity and regulatory pressures.
“We’re thrilled to be launching our industry-first Compliance Index today, featuring a roundtable of thought leaders with extensive compliance and regulatory expertise” said Shane Baker, CEO of TAS.
“This event is a unique opportunity for the industry to come together to gain new insights into risk and compliance issues, promote further collaboration between industry bodies, and determine what is on the horizon for Australian organisations.”
Madeleine Mattera, Head of Financial Services at Grant Thornton – the event hosts – said that with the bar being raised every year for risk and compliance, industry collaboration with new players is key.
“As technology costs fall and capability increases, there is a unique opportunity to help established institutions innovate by partnering with FinTechs and RegTechs. Data and technology will be increasingly used to supervise regulated institutions and will shed light on regulation complexities.”
TAS has initiated the inaugural Compliance Index in response to the changing regulatory landscape in Australia. The Index canvasses the state of play in risk and compliance, identifying key strategies, opportunities and challenges facing financial and professional services organisations.
In the coming weeks, TAS will release a white paper from the roundtable discussion to further dissect the compliance environment in Australia, the region and the globe.
About TAS (www.tas.business): Founded in 1989, TAS is an Australian-owned and operated provider of technology services to the Australian financial services market. With extensive experience servicing one of the most highly regulated industries – Banking and Finance – TAS delivers the highest levels of availability, compliance and quality of service to over 50 financial institution customers.