The Combatting Financial Crime track at the FT Banking Summit will cover all these issues, and more. Moderated by senior FT journalists, this event will bring together anti-financial crime experts from banks, regulators, crime agencies, police forces and other organisations to discuss the problems and work out the solutions.
FT Combatting Financial Crime
Lead Stream Sponsor
Money laundering, bribery, corruption, terrorist financing, sanctions busting, rogue trading, market abuse, payments fraud, cyber attacks – the list of crimes committed against banks, and within banks, is a long one. Despite ever-tighter controls introduced by the banking sector, and increased efforts by regulators and law enforcement, illegal activity continues to flourish in the financial system. A more co-ordinated, industry-wide response is therefore needed if the problem is to be dealt with effectively.
Key issues to be addressed include identifying which crimes pose the biggest threats, understanding the ever-changing attack vectors deployed by criminals, including cyber attackers, and implementing effective counter measures against all forms of crime. Boards and executive management need to appreciate the seriousness of the threats and allocate budget accordingly. Is more regulation needed to persuade banks to improve their anti-crime controls? How effective is regulation – has the EU’s General Data Protection Regulation (GDPR) helped reduce data theft?
The Combatting Financial Crime track at the FT Banking Summitwill cover all these issues, and more. Moderated by senior FT journalists, this event willbring together anti-financial crime experts from banks, regulators, crime agencies, police forces and other organisations to discuss the problems and work out the solutions.
Agenda - 4th Dec
2:30pmChair’s Opening Remarks
2:35pmKeynote address: At the crime scene
An overview of the latest crime trends afflicting businesses, especially in the financial sector. Who are the perpetrators and how they can be stopped?
3:05pmPanel session: Developing a co-ordinated, industry-wide response
Financial crime can never be eradicated, but it can be contained. Banks, regulators, police forces, prosecutors and other organisations already work closely to combat the problem, but more needs to be done. Key questions to be addressed include:
• What are banks doing to combat crime?
• How are they exchanging information on crime risks with their domestic and international peers?
• How are banks assisted by industry alliances, software vendors, consultants, law enforcement and intelligence agencies, financial regulators and political leaders?
• What role do supra-national institutions like the Financial Action Task Force, Europol, Interpol and the UN Office on Drugs and Crime have to play.
4:20pmCEO Spotlight: In conversation with the FT
In this exclusive interview with the FT, a CEO from a leading bank will talk about the crime threats facing the industry and how they are being addressed. There will be a focus on the role of the CEO and the Board in creating the right crime-fighting strategies and allocating realistic budgets to fund those strategies.
4:40pmPanel discussion: Managing cyber risk
Banks are one of the main targets of cyber aggressors, but also among the best defended. As well as developing their own defences, they are working with each other, with intelligence and law enforcement agencies and with software experts to develop joint defensive measures for the banking sector. Co-ordinating organisations include the global Financial Services Intelligence Sharing and Analysis Centres (FS-ISACs), the UK’s Cyber Defence Alliance and Europol’s European Cyber Crime Centre (EC3).
• What are the threats facing banks in cyberspace, and who are the attackers?
• Are the cyber risks to banks’ supply chains adequately understood?
• What are proving to be the best methods of prevention, detection and response?
• Do board risk committees and executive management appreciate the seriousness of the threats?
• How are banks co-ordinating their efforts?
5:20pmClosing address: Government action
Governments around Europe are liaising more closely with each and with banks to combat financial crime.
5:40pmChair’s Closing Remarks
5:45pmNetworking Drinks Reception
Who will I meet?
This event will gather senior executives from across financial services firms.
Complimentary places are available to:
- C-Level executives including CEOs/CFOs/CROs/CCO/CIO
- Directors and Heads of data, financial crime/fraud/anti-fraud, GDPR, intelligence, governance, infrastucture, security
- Senior regulators and policymakers
Attendance is by invitation only. Applicants will be considered subject to availability of seats and meeting the qualifying criteria.
Presented By (2)
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.
The Banker provides economic and financial intelligence for the world's financial sector and has built a reputation for objective and incisive reporting. It leads the debate on all the issues surrounding the global banking industry, providing in-depth news and analysis, exclusive interviews with senior industry figures and definitive regional bank listings, including the internationally acclaimed Top 1000 World Banks.
Lead Stream Sponsor (1)
Ripjar’s mission is to equip global financial institutions with the most advanced data and analytics solutions to prevent financial crime at scale.
Unlike other technologies that rely on significant amounts of manual effort, Ripjar’s unique artificial intelligence technology continuously monitors all data sources including structured and unstructured text; systematically and securely joining the dots to counter criminal networks in real-time – providing a complete picture of risk while reducing costs.
Founded by former members of the UK intelligence community, Ripjar’s solutions have been built to handle some of the world’s most challenging problems including helping counter money laundering, cybercrime, and terrorism.