The Canadian Institute's 20th Annual Regulatory Compliance for Financial Institutions

Registration Opens and Coffee Served

Opening Remarks

Direct from OSFI: Perspective of the Regulator on Guideline E13, Regulatory Compliance Management (RCM, formerly LCM)

OSFI’s draft revised Guideline E-13 – Regulatory Compliance Management (RCM) is expected to replace Guideline E-13 – Legislative Compliance Management (LCM) this year.

The revision does not change OFSI’s expectations for key control elements in regulatory risk mitigation but it does elaborate on a number of the elements and it aligns E-13 more closely with other OSFI guidance, for example, the Corporate Governance Guideline.

• Hear directly from OSFI representatives tasked with leading the E-13 revision project
• Understand the intricacies of the changes and expectations of the regulator concerning how you manage your compliance obligations
• Take your opportunity to ask questions for clarity on the revised guidance

Industry Perspective on the New RCM and B-8 Guidance, Including What Monitoring and Testing Programs Mean for Compliance

Full implementation of the new E-13 Guideline is expected no later than six months from the effective date. Additionally, antimoney laundering and anti-terrorist financing are a heightening concern for the regulators. Accordingly, it is important that you assess whether your practices, including testing programs, meet regulatory expectations and to develop and refine your compliance action plan.

Industry leaders will provide guidance, especially:

• How the testing program could be integrated into an overall risk and control model for compliance
• Industry best practices

Networking Refreshment Break

Canadian AML: Updates, Challenges and Moving Forward

• AML challenges with current regulations
• In-depth discussion of Bill C-31
• Sanctions: new developments and issues
• Global AML compliance: the way forward

Networking Luncheon for Delegates and Speakers

Dark Data and its Impact on Compliance

Join Antoinette Duffy as she discusses how to bridge the gap between data management and information governance, how to leverage an overall data strategy to meet multiple business goals, and discuss the charter of Chief Data Officer’s today and how you can work together to ensure your company maintains data compliance.

Understanding FCAC Priorities and Evaluating Your Compliance Performance

• Insight into the six priorities in the new FCAC Report on Plans and Priorities, formerly the Business Plan
• Lessons from recent FCAC compliance decisions and discussion of recent hot-button issues
• FCAC and promoting compliance in the industry
  • Overview of FCAC compliance and enforcement methods and tools

Question and Answer: Roundtable with the Regulators

Obtain answers directly from the regulators in this session devoted entirely to your most pressing regulatory compliance concerns, including the new OSFI Guidelines, solidifying risk and crisis management strategies, and aligning AML compliance with KYC initiatives flowing from increasing domestic and international regulations. Submit your questions in advance to regulatorycompliance@canadianinstitute.com.

Networking Coffee Break

Good Governance: Ensuring Continued Best Practices with Increasing Corporate Governance and Risk Culture Mandates

• Clarification on the key aspects of OSFI’s corporate governance guidance
• Industry best practices concerning required notifications of proposed changes of directors and senior officers of Canadian federal financial institutions
• How are FIs addressing the “bureaucratization” of corporate governance?
  • Buttressing governance to guard against the increase in shareholder remedy class action claims
  • Appointing women: How is industry responding?
• Understanding subsidiary governance issues
• Effective risk management requires a healthy risk management culture
  • Regulators believe risk culture drives strategic plans and offer guidance on risk culture

Addressing Compliance Hurdles in Emerging Payments Technologies

• Guidance in adopting risk management strategies and compliance procedures while meeting and exceeding consumer protection obligations
• What to expect from the regulators:
  • in monitoring compliance with the Code of Conduct for the Credit and Debit Card Industry; and
  • oversight of the Payment Card Networks Act
• What is the future of mobile payments regulation in Canada?

Closing Remarks, Conference Adjourns

Coffee Served

Credit Unions Sunrise Session: Battling Expanding Regulatory Requirements and the Realities of Smaller Organizations to Compete with the Big 5 Banks

• Managing the increased pre-merger notification thresholds:
  • What is the practical impact on CU merger transactions
• Best practices in guarding against the vulnerabilities of CUs to global events

8:00 am – 9:00 am

Opening Remarks

High Risk Compliance Areas: Managing the Intersect of International Legislative Developments and AML/KYC Compliance

• Know Your Customer: Managing increasing controls to prevent identity theft fraud, money laundering and terrorist financing
• Dodd-Frank Wall Street Reform: What is on the horizon for regulatory compliance for FIs across international borders?
• Anticipating and proactively addressing risk hot spots when dealing with MSBs
• Dealing with bitcoin

Networking Coffee Break

Addressing Privacy, Security and Evolving Data Breach Obligations

• Responding to data breaches – understanding the changes to Canadian data breach notification law
• Understanding how to identify and assess your cybersecurity risk factors
• Organizational data practices
• Due diligence of third parties

CASL: Addressing Practical Challenges Post-July 1

Canada’s Anti-Spam Legislation (CASL) will be in force as of July 1. With new penalties for sending commercial electronic communications without the consent of the recipient, including a maximum fi ne of $10 million, you need to be fully prepared to ensure compliance now. Hear an update of enforcement action and how industry has responded.

Networking Luncheon for Delegates and Speakers

Monitoring the Progress of FATCA Beyond Implementation and the IGA

• Practical operational and risk management strategies being successfully deployed
• What are the implications associated with a worldwide common model for reporting on financial accounts held by foreign persons, including reciprocal exchange?
• Managing the impact on smaller banks: What are your options in the reality of tighter resources?

Basel III and the Liquidity Adequacy Requirements

• OSFI “Final” Liquidity Adequacy Requirements Guideline
• Liquidity Coverage Ratio
• Net Stable Funding Ratio
• Net Cumulative Cash Flow
• Monitoring and Reporting Compliance with New Regime

Networking Coffee Break

Data Management and Governance: Using Outsourcing and Advancing Technologies for Effective Compliance

• An update on OSFI’s B-10 Outsourcing Guidelines as they apply to new technology-based outsourcing services
• The importance of validation in the evaluation process
  • Best practices on static and dynamic validation; control environment; and others
• Superior strategies for evaluating third-party service providers to manage outsourcing risks
• When should you a launch a self-assessment and who should be on the team?

Conference wrap-up and Networking, Conference Concludes