De-risking
Derisking: Impacts and challenges for financial institutions
The phenomenon of “derisking” presents complex challenges that cannot be overlooked at a time when the explosion of regulatory requirements is increasingly raising concerns for banks and financial institutions. As regulations tighten, players in the banking and financial sectors must strike a delicate balance between protecting their operations from risk and promoting financial inclusion.
This webinar aims to provide an in-depth analysis of the challenges posed by derisking, and explore practical and innovative solutions that reconcile risk protection with responsible engagement.
This interactive seminar will feature insights from industry experts, practical case studies and opportunities to ask questions in Q&A sessions. You'll have the opportunity to share experiences and deepen your understanding of crucial issues such as:
What balance can be struck between financial exclusion and financial inclusion?
How can we optimize the anti-money laundering and anti-terrorist financing framework to prevent failures?
We will also discuss the global impact of derisking on international finance, its repercussions on economic sustainability and recent policy responses implemented to mitigate its negative effects.
How to reconcile GDPR requirements with AML obligations.
The role of AI and technological solutions in managing derisking risks.
The legal framework that must be respected in this complex environment.
Don't miss this unique opportunity to enhance your understanding of the challenges of derisking and receive practical advice for your organization.
Register now to take part in this essential discussion
- Ensure that the bank or financial institution complies with regulations
- Adopt best practice while managing the associated risks
- Get essential updates on regulations related to anti-money laundering and counter-terrorism financing
- Discuss best practices and experiences to optimize your de-risking strategies
- Identify precautions to take regarding innovative technological solutions (including artificial intelligence systems) to improve compliance processes
- Staff from the legal and compliance departments of obliged entities
- Compliance Officers and Anti-Money Laundering Officers in banks, insurance companies, investment funds
- Head of Compliance, Analyst Compliance, AML Compliance, compliance officers
- Auditors and internal controllers
- Auditors and chartered accountants
- Company directors
- Heads of legal, audit and internal control departments
- Branch managers, sales department managers and international transaction managers in banking, insurance, finance, asset management
- Lawyers
- Magistrates
- Supervisory authorities
Derisking: a negative impact on the Union's objectives in the fight against financial crime?
- What is permissible between financial exclusion and financial inclusion?
- How can the AML/CFT system be improved to reduce failures?
- To what extent is it possible to adapt the product and service offering rather than exclude a business relationship?
- What are the best practices in the event of a report to the Belgian Financial Intelligence Processing Unit (CTIF-CFI), during ongoing investigations by the public prosecutor's office or in court?
François Koning
Co-heads the White Collar Crime Department - Head of Money Laundering Prevention, Janson
Lawyer specializing in corporate criminal law and contentious tax law
Coach for the person summoned to a police hearing
Overview of the derisking problem – a balance between risk protection and support for innovation and responsible engagement
- What are the drivers?
- What does it mean for global finance and trade ? What are some of the negative cons for financial inclusion, peace, security and sustainable economic growth?
- Overview of recent policy responses and their effectiveness: national derisking strategies, sanctions exemptions, private sector outreach, capacity building and clearer regulatory guidance.
- Importance of tech-based solutions and innovation
- Examples of use cases
Erica Moret
Director, United Nations Affairs & International Organisations, Microsoft
Coordinator, Geneva International Sanctions Network
Compliance concerns regarding de-risking
- What regulatory requirements could affect de-risking policies?
- How can RGPD requirements be reconciled with other rules on privacy, trade secrets and AML requirements?
- What aspects of compliance policy should be reviewed as a result of de-risking?
- How can we ensure that all de-risking decisions are documented and comply with legal requirements?
- What legal risks does an institution run in the event of non-compliance with compliance obligations during de-risking?
- How can staff be prepared to navigate the compliance framework during practical implementation?
- What points of vigilance should compliance officers develop in relation to alerts?
- Practical guidelines
Oscar Canario da Cunha
Managing Director, Pideeco, Compliance consultancy and management firm
Corporate Legal & Regulatory Risk
Stefano Siggia, CAMS
Senior Consultant in AML and Compliance, Pideeco
How can we reconcile the requirements of the GDPR and the AI Act with AML requirements when developing AI systems?
- What are the advantages and limitations of AI in derisking practices?
- Machine learning and rules-based approach: what are the main differences? Are there reasons to combine these methods?
- Risks and incidents: AI or human check in KYC?
- What data can be used for what purpose? A situation where the AI Act offers an important clarification.
- Several authorities are competent in this area. How to deal with them?
Elisa Dell'Anna
Expert Compliance Advisor, KBC Bank en Verzekeringen
Specialised in Consumer and Data Protection
