With over 700 participants from 31 countries, the annual user conference was the biggest event in BearingPoint's history.
Highlights from the 24th RegTech Convention
Banks, regulators and insurers met at the 24th RegTech Convention in Frankfurt from November 29 to 30, 2017 to discuss the future of regulation and new models for cooperation at the international level. Over the past 24 years, the RegTech Convention has developed into one of the largest conferences on regulation and is now an international exchange platform for supervisory authorities and regulated institutions. Both sides appreciate the opportunity for a direct dialogue.
Conference Program November 29, 2017:
Dr. Robert Wagner, Global Leader Financial Services, opened the plenary session and welcomed the audience. Afterwards Jürgen Lux, CEO BearingPoint Solutions, presented the strategy of the Solutions division, where BearingPoint has bundled all activities related to the development, maintenance, implementation and operation of its software products. The Focus of the plenary session was the presentation of Bodo Windmoeller, CPO RegTech, who has been in charge of the Abacus product family since January 1, 2017. He presented the Abacus review and outlook.
After the plenary session, parallel conferences for banks, regulators, insurers and a conference on transaction-based reporting were held. The Banking Conference focused on the regulatory roadmap for the coming years and the topic of regulatory collaboration. In the first panel discussion, representatives of the Deutsche Bundesbank (German central bank), the ECB, the Irving Fisher Committee on Central Bank Statistics (IFC) and UniCredit discussed AnaCredit, initiatives such as ERF and BIRD as well as the finalization of Basel III. The participants spoke of a "data revolution" that necessitated international collaboration. In the second panel discussion in the afternoon, representatives of Commerzbank, KBC and the Austrian National Bank discussed the possibilities and limitations of such a collaboration.
At the Regulators Conference, representatives of DNB, EBA, Deloitte and the Monetary Authority of Singapore (MAS) discussed the potential of RegTech and SupTech (Supervisory Technology) for regulators.
MiFID II/MiFIR was the main topic of the Transactions Conference in presentations that included a case study from HSBC Transaction Services on MiFID II in the multi-client environment and a panel discussion with representatives of d-fine, KfW and SWIFT in the afternoon. The Insurance Conference focused on the experiences from the first annual Solvency II submissions with insights from AFA Insurance and examined the InsurTech topic from the perspective of EIOPA and a Norwegian start-up, Tribe Insurance.
Conference Program November 30, 2017:
Abacus360 was the focus of the second day of the conference. Alexander Beck, partner at BearingPoint presented the roadmap for Abacus360 for 2018 – 2020; Erik Becker, Director at BearingPoint outlined the short to medium-term roadmap of the various regulators in supervisory law in the coming years; Andreas Mengel and Nora Müller, Consultants at BearingPoint gave deep insight into AnaCredit including a live demo on the Abacus360 system. In the afternoon, functional and technical experts from the Abacus team gave an overview of current regulatory topics and selected technical aspects.
On our website https://www.regtech-convention.com/en/highlights-2017/, you can find a short event-video and pictures from the Convention.