PRA’s CP 16/22: its impact on capital and on the regulatory compliance process

Implementation of the various Basel regulations over the years were done in times of stress, the main driver was – timely compliance and that meant that efficiency was all but forgone, silos were created.

As we are seeing PRA’s CP 16/22 regulation making its way into banks’ compliance process – this could be an opportunity to re-think the framework, transform and modernise it to make it robust enough to:

Provide a good, accurate and importantly holistic view of risk needed for stability
Be efficient, flexible and scalable enough to support the growth, scale with the company and not be an obstacle
Reduce the overall cost of compliance

Join our webinar to discuss whether final Basel (PRA’s CP 16/22) could be an opportunity and not a challenge.

Area of expertise:

Prudential risk, reporting and tax

Simon Hills

Director, Prudential Policy, UK Finance

Simon leads the Prudential Capital and Risk team at UK Finance, which focuses on influencing the implementation reforms to capital and liquidity requi...

Simon leads the Prudential Capital and Risk team at UK Finance, which focuses on influencing the implementation reforms to capital and liquidity requirements in the UK. He leads UK Finance's work on the senior managers' and certification regime (SMCR), which seeks to improve bank-wide governance and culture, and has extensive knowledge of prudential regulatory architecture.

He is also interested in operational resilience and different types of bank capital and funding instruments such as bail-inable and covered bonds and securitisation structures. His banking background is in fixed income sales, trading and origination as well as energy and aerospace project finance. He is liveryman of the Worshipful Company of International Bankers and is a former member of the European Banking Authority's Banking Stakeholder Group.

Jared Chebib

Partner, Financial Services Consulting, EY

Jared is a Partner in EY’s FS Consulting Risk practice. He has 20 years experience of risk management consulting for retail, corporate and investment ...

Jared is a Partner in EY’s FS Consulting Risk practice. He has 20 years experience of risk management consulting for retail, corporate and investment banks.
Jared co-leads EY’s Credit Risk team in the UK, numbering over 160 professionals. He focusses on enterprise risk transformation engagements with large banking organisations, with a particular emphasis on credit risk and impairment management, regulatory-driven change, capital management, risk governance, stress testing and risk data and reporting.
Jared is EY’s Basel IV UK Advisory solution lead, runs EY’s global survey, and is part of the firm’s EMEA and UK Prudential and Risk market leadership networks.

Pierre Mesnard

Director, Banking, Moody’s Analytics

Moody’s resident expert in Regulatory Transformation and Efficient Basel Compliance.

Shailendra Jain

MD – Strategy & Marketing, Moody’s Analytics

Shailendra is Managing Director and Global Head of Strategy & Marketing for Baking Operating Unit. He leads the operating unit strategy, marketing...

Shailendra is Managing Director and Global Head of Strategy & Marketing for Baking Operating Unit. He leads the operating unit strategy, marketing, and reporting functions. A business as broad and diverse as the Banking unit requires a strategy which both reflects the diversity of our customers and products as well creating focus which our product, sales, and delivery teams can execute on. By integrating the formulation and direction of our execution of strategy, the Head of Strategy & Communication will enable our leaders to drive focus and determination across our teams.

Prior to the current role, Shailendra was Managing Director, Enterprise Risk Solutions APAC & ME, based in Singapore. In his 22+ years of global executive experience Shailendra has worked both in capital markets and in the financial technology sectors. Shailendra has previously worked in capital markets and in financial technology at UBS Warburg Investment Bank in Hong Kong, risk, compliance and analytics related content and technology at Barrie & Hibbert and Moody's Analytics in Asia and Europe. Shailendra holds a masters in Finance and an Executive MBA from Kellogg School of Management, Northwestern University USA.

Shailendra hails from India and for the last 23 years have worked and lived in Hong Kong, Singapore and London. As a co-founder of Multicultural Business Resource Group in APAC and currently as an Executive Sponsor of Generational Business Resource Group, Shailendra is passionate about making Moody’s an inclusive and welcoming organization. Married with two daughters, Shailendra is passionate about cooking, cricket and traveling

Moody's Analytics

Moody's Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise...

Moody's Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody's Analytics, visit our website or connect with us on Twitter or LinkedIn.

Basel
Regulatory Reporting
Regulatory Compliance
Heads of Risk
Heads of Finance

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