In an increasingly complex regulatory environment RegTech, technologies that help firms fulfill their regulatory and reporting obligations, potentially have a pivotal role to play. What are the advantages with RegTech? Is there any potential downside?
Discussion points:
- What potential advantages can RegTech bring in terms of lower compliance cost and administrative burden?
- What potential advantages can RegTech bring for the quality of regulation and the work of regulators and supervisors?
- What are the different types of technologies that could be introduced?
- Are there any barriers to adoption of RegTech?
- Would it help if regulators endorsed the use of RegTech?
- Are there any changes to be made in existing rules that could facilitate the wider use of RegTech?
- Should there be a certification of RegTech?
- Could and should regulation be defined in a machine readable format?
- What role should national regulators play?
- Is there a need for action on the EU level?
- Could a wider use of RegTech carry with it any potential risks?
Speakers include:
Cora van Nieuwenhuizen Member of the European Parliament
Peter Kerstens Adviser, Dir B – Investment and company reporting, DG FISMA, European Commission
Nick Cook Head of Data and Information Operations, Financial Conduct Authority UK
Andrew Yuille Head of Partners – Risk, Thomson Reuters
David Cook Director Head of European Regulatory Affairs, IHS Markit
Moderator: Arno De Groote Partner, Deloitte Belgium
