Financial Industry Risk & Regulation Expert Candice Nonas to Speak at the 2018 CFP Recovery & Resolution Conference in New Yo...
March 13 2018 - 4:06PM
Business Wire
Nonas will discuss the Progress and Remaining
Obstacles to Resolvability
RGP Managing Consultant Candice Nonas will present at the
inaugural Recovery and Resolution USA Conference, produced by the
Center for Financial Professionals, March 20-21, 2018, at the
Double Tree by Hilton Metropolitan in New York, NY. Nonas will
discuss the challenges that banks face when trying to manage
operational risk associated with recovery and resolution planning
and how to deploy smart technology or artificial intelligence (AI)
to foster a rapid and orderly wind down.
“Along with the other important regulatory requirements and
initiatives, we know resolution planning and being resolution ready
has become a major initiative for financial institutions,” said
Nonas. “Regulators require banks to conduct business as usual
through the prism of resolvability. This conference is particularly
timely given the U.S. Senate’s debate on an overhaul of the
Dodd-Frank Act, especially section 165(d).”
Nonas will serve as host of the conference, leading panel
discussions and speaking on operational risk and resolution
planning. Nonas is a veteran in the financial services industry who
has spent her career in investment banking and bank regulation,
including reviewing resolution plans while at the FDIC’s Office of
Complex Financial Institutions. At RGP she helps financial
institution clients meet their regulatory requirements through
advisory and implementation services.
With RGP’s digital expert Andrew Jones, Nonas will also address
how AI and robotic process automation (RPA) can make banks more
resolvable. “What’s missing from the conversation is how regulators
are going to audit or monitor the use of AI either through the
supervisory process or enhanced prudential standards,” said Nonas.
The use of AI and RPA in banks and financial institutions is on the
rise as it relieves humans from doing rote and repetitive tasks.
Nonas and Jones will demonstrate how AI is used to not only improve
efficiency and increase the bank’s capacity to serve customers but
how AI can mitigate operational risk during severe stress.
“Despite the progress that has been made in the past five years,
outstanding operational risk issues remain,” said Nonas. “The banks
and the regulators still have not found mitigants for all obstacles
to a rapid and orderly resolution. For example, global cooperation
among regulators needs to address cross-border resolvability issues
inherent in international banking and resolvability laws and
protocols.”
About RGP
RGP, the operating subsidiary of Resources Connection, Inc.
(NASDAQ: RECN), is a multinational business consulting firm that
helps leaders execute internal initiatives. Partnering with
business leaders, we drive internal change across all parts of a
global enterprise - accounting; finance; governance, risk and
compliance management; corporate advisory, strategic communications
and restructuring; information management; human capital; supply
chain management; and legal and regulatory.
RGP was founded in 1996 within a Big Four accounting firm.
Today, we are a publicly traded company with over 4,000
professionals, annually serving over 2,600 clients around the world
from 74 practice offices.
Headquartered in Irvine, California, RGP has served 87 of the
Fortune 100 companies. The Company is listed on the NASDAQ Global
Select Market, the exchange's highest tier by listing standards.
More information about RGP is available at http://www.rgp.com.
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RGPRuss McGuire, Solution Marketing
Manager720.904.8575russ.mcguire@rgp.com
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