Wolters Kluwer and IDC to Share Granular Data Reporting Expertise
Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) is set to host a webinar devoted to discussing the Granular Data Reporting (GDR) mandates issued by regulators in the Asia Pacific region. The webinar, "GDR 101: Most frequently asked questions now answered," will take place at 2 pm SGT Tuesday, November 23, 2021.
With the introduction of GDR, regulators across Asia Pacific continue to elevate their expectations from financial institutions to achieve more transparent and seamlessly integrated data. As transformation sweeps the region, most banks are using this regulatory overhaul as an opportunity to step back and re-evaluate their strategies to be better prepared for a smooth transition to GDR.
Representing Wolters Kluwer FRR on the webinar is Subbaiyan Vaithinathan, Director for Regulatory Reporting & Anti-money Laundering (AML), Asia Pacific. He will be joined by Michael Araneta, Vice President, IDC Financial Insights. Their discussion will explore the key market trends, burning issues and challenges for banks along their journey towards GDR compliance in Asia Pacific. Other key topics that will be covered during the webinar include frequently asked questions about GDR, predictions for 2022, lessons learned from Europe, and GDR compliance progression across different countries in Asia Pacific.
"Compliance with GDR standards is a fine balancing act for financial institutions. Besides staying compliant, organizations need to build a long-standing infrastructure that is forward-looking and resilient to new regulatory changes. To start the ball rolling, a big shift in cultural approach is required," Araneta noted in a recently published IDC InfoBriefs article. The InfoBrief, sponsored by Wolters Kluwer and titled "RegTech in Asia Pacific: Supporting the trend towards Granular Data Reporting", features further insights on the subject.
Subbaiyan is a strong advocate for incubating disruptive and innovative technologies in the Regulatory Reporting space. He is a hands-on technology leader with more than 15 years' experience, with ten of these at Wolters Kluwer FRR across Asia Pacific (Singapore, Hong Kong, Australia & India) in a variety of leadership roles.
Wolters Kluwer FRR, which is part of Wolters Kluwer's Governance, Risk & Compliance (GRC) division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors. Wolters Kluwer GRC's other banking and regulatory compliance business is Wolters Kluwer Compliance Solutions. Its legal services businesses are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of ?4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,200 people worldwide.
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