The De-Risking Dilemma: How the Financial Industry Can Collaborate to Manage Risk

Sponsored by

Lexis Nexis Risk Solutions
  • When: July 27, 2017
  • Time: 2:00 – 3:00 PM ET
  • Level: All

Wholesale de-risking is creating a boomerang effect for Caribbean and Central American banks that are caught as pawns as a result of conflicting global expectations. On the one hand, regulators expect global financial institutions to screen their clients for potential ties to terrorist activities, money laundering and other financial crimes. On the other hand, they urge banks to resist the temptation to completely walk away from risky areas such as money services businesses (MSBs) and correspondent banking. Correspondent banking allows Caribbean and Central American banks access to the international payment system, facilitating money transfers through transactions such as wire transfers, check clearing and currency exchange, affecting entire economies. How can banks, regulators and lawmakers work together to manage risk and continue serving their local economies?

Learning Objectives

  • Why do banks engage in wholesale de-risking and what are the implications?
  • How can wholesale de-risking be bad for banks?
  • How can we facilitate more effective risk management across the financial industry?

Speaker

Adrian Sanchez Bolaños
  • Adrián Sánchez B.

  • Director of Market Planning – Latin America & The Caribbean
  • LexisNexis Risk Solutions

Who Should Attend

  • Compliance Personnel
  • Risk Assessment Managers
  • Industry Consultants

Region/Industries

  • LATAM
  • MSBs
  • Bank

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