Past sibos: Singapore 2015

Big banks and small banks

13 October 2015
09:00 to 09:45
Main conference session Conference room 2
Senior Editor
The Economist
Moderator
Managing Director Global Transaction Banking Solutions, Global Institutional Banking
National Australia Bank
Managing Director, Business Compliance and Risk Head
Citi
Compliance
DBS Bank
Head of International Banking and Financial Institutions Group
Bank Mandiri

Larger institutions tend to perceive smaller banks as posing greater compliance-related risks, particularly in higher-risk jurisdictions. And lower profit margins from dealings with smaller institutions can make the risk-benefit analysis even more challenging. But, does reality match perception? Does the implementation of Sanctions, AML and KYC programmes actually differ that much between global and regional or local institutions? How do banks in emerging markets cope with the extra-territoriality of some laws? How do smaller banks view larger institutions? Can all parties work together to increase control and reduce costs and risk? Is de-risking a concern, and how can it be tackled concretely, perhaps in partnership?