Program Objective

The Basel Committee on Banking Supervision observes that “Compliance concerns everyone within the bank and should be viewed as an integral part of the bank’s business activities. Compliance starts at the top. It will be most effective in a corporate culture that emphasises standards of honesty and integrity and in which the board of directors and senior management lead by example. A bank should hold itself to high standards when carrying on business, and at all times strive to observe the spirit as well as the letter of the law. Failure to consider the impact of its actions on its shareholders, customers, employees and the markets may result in significant adverse publicity and reputational damage, even if no law has been broken.” Non-compliance can entail legal or regulatory sanctions, material financial loss, or loss to reputation as a result of failure to comply with laws, regulations, rules, related self-regulatory organisation standards, and codes of conduct applicable to its activities. The Program will provide a platform for exchange of views regarding compliance related issues in the national and international context.

Program Highlights

Some of the key topics that will be covered in the program are the following:

·         Supervisory Perspective on Compliance

·         Complying with Customer Protection Guidelines

·         Complying with KYC and AML Guidelines 

·         Role of Technology in Effective Compliance

·         International Developments on Regulatory Compliance

·         Enforcement Actions by RBI for Non-compliance

·         Building Compliance and Risk Culture – Industry perspective from a Foreign Bank, a Private Sector Bank and a Public Sector  Bank.