Regulation and Governance in Digital Banking

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Regulation and Governance in Digital Banking


17 Jun 2020 @ 10:00 am (+8 GMT)

With the deadline for the industry to provide feedback on BNM’s Exposure Draft on the Licensing Framework for Digital Banks approaching, we are one step closer towards ensuring that licensed virtual banks are held to the governance and compliance standards of traditional banks. The significance of this measure is clear: as the banking and financial services industry moves towards digitalisation, the future growth of virtual banks is key to providing the underserved market segments with meaningful access to suitable and affordable financial solutions. Emplacing suitable regulatory measures for these new entrants allows Malaysians to reap the benefits offered by virtual banks, while safeguarding the integrity and stability of the financial system.

In this session, discussions will centre on essential considerations for virtual banks, including exit plans and internal controls, the observance of regulatory and governance requirements, and risks in the digital banking environment. The panel of speakers will also share insights from their experience in recovery and resolution planning and operational controls, specifically on customer on-boarding and monitoring with Electronic Know Your Customer (eKYC) technology.

By attending this session, you will gain:

  • an understanding of the concept of recovery and resolution planning, and the matters to include in the exit plan, and
  • an appreciation of selected principles on internal controls, primarily electronic Know Your Customer (eKYC) considerations.

As an AICB member, you are entitled to register for this webinar with our compliments. To register and secure your participation, please click on the button below.

Speaker's Profile

Dominic Chegne2
Dominic Chegne

Risk Assurance Services Partner

PwC Malaysia

Dominic Chegne2
Dominic Chegne

Risk Assurance Services Partner

PwC Malaysia

Dominic Chegne is a Partner with the Risk Assurance Services in PwC Malaysia, with over 19 years of work experience spanning several risk and governance leadership roles during his tenure in PwC. His portfolio prevails in the jurisdiction of internal audit, risk management, controls, regulation compliances, corporate governance and process reviews/ improvements. He previously led and grew the internal audit practice for the Kuala Lumpur office. Dominic’s current portfolio resides in a large number of financial institutions (both local and international) on Compliance matters, predominantly on AML/CFT and Compliance Risk Assessments (CRA). Dominic has worked on several end-to-end AML/CFT engagements ranging from thematic assessments, gap analysis reviews, and implementation design, to sustainability testing and KYC file reviews.

Choo Wai Ting
Ting Choo Wai

Assurance Principal

PwC Malaysia

Choo Wai Ting
Ting Choo Wai

Assurance Principal

PwC Malaysia

Ting Choo Wai is a Partner in the Risk Assurance Services in PwC Malaysia and is currently leading the firm’s Public Sector Finance and the Financial Services Recovery and Resolution units. He has over 20 years of regulatory compliance, assurance and advisory work experience with listed and non-listed clients from the financial services, manufacturing, trading, hospitality, construction and plantation sectors. Choo Wai has worked on several finance improvement and transformation engagements, including implementation design, credit process improvement, capital management framework implementation and strategic business plan.

Prasad 150x150 1
Moderator: Prasad Padmanaban

Chief Executive

AICB

Prasad 150x150 1
Moderator: Prasad Padmanaban

Chief Executive

AICB

Prasad joins AICB after a sabbatical of about 1 year to travel and spend time with family. Prior to that, Prasad worked with the investment banks of MUFG in Hong Kong and JP Morgan in both London and Hong Kong as Executive Director in various Markets capacities over a period of 16 years, covering all manner of Asia-ex and Japan securities, from fixed income to equity derivatives. As an accomplished professional in the banking arena, Prasad brings to AICB a great mix of leadership, operational excellence, technical breadth and a passion for learning and development. Prasad holds a Master of Arts (MA) degree in Finance and Investment and an MA in European Studies from the University of Exeter, as well as a Bachelor of Arts (Hons) degree in Economics from the University of Nottingham.