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Deloitte & Touche LLP
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Deloitte launches Asia Pacific Centre for Regulatory Strategy
Innovative resource to assist companies manage regulatory challenges across
the region
Singapore, 12 October 2015 — Deloitte today announced the launch of its Asia Pacific
Centre for Regulatory Strategy. The development of the centre significantly strengthens
Deloitte’s regulatory advisory capabilities across the region.
Dealing with regulation in the financial services industry continues to pose a major challenge
to many organisations and their supervisors. While a significant amount of work has already
been done to secure the global financial system since the onset of the financial crisis seven
years ago, requirements continue to evolve, particularly as existing standards are adjusted or
new areas of focus emerge.
“The launch of this centre marks an important development for financial institutions that
operate across Asia Pacific as they have the added layers of complexity of managing unique
markets and varied regulatory frameworks.
“For Deloitte it will significantly strengthen the firm’s capability to provide clients in Asia
Pacific with the necessary forward looking advice on successfully managing complex
regulatory change,” Kevin Nixon, lead Partner of Deloitte’s Asia Pacific Centre for
Regulatory Strategy said.
The new centre will focus on promoting regular dialogue with the industry and regulators and
delivering critical insights on managing the aggregate impact of regional and international
regulatory policy. It will combine deep expertise across the Deloitte Asia-Pacific network and
its broad range of advisory services.
"Financial institutions in Asia Pacific are under an increasing amount of pressure to meet
international regulatory timelines while managing varied local regulatory requirements,” said
Dr. Janson Yap, Deloitte’s Asia Pacific Enterprise Risk Services Leader. “This centre
will help organisations navigate these challenges by taking a forward looking view of
regulation and its implications on business strategy.”
Dr. Yap added that the Deloitte Asia Pacific Centre for Regulatory Strategy will be led by Mr
Nixon, who is also the former Managing Director of Regulatory Affairs at the Institute of
International Finance (IIF). “Kevin, who is a well-known and respected voice globally on
regulation and governance, is supported by some of Deloitte’s most prominent risk &
regulatory experts located in key jurisdictions across the region.”
The Deloitte team includes:
·
Tony Wood, FSI Risk & Regulatory Leader, Deloitte China and Hong Kong
·
Tsuyoshi Oyama, Centre for Risk Management Strategy Leader, Deloitte Japan
·
Thio Tse Gan, Cyber Risk Services Leader, Deloitte Southeast Asia.
“In Southeast Asia the regulatory landscape is diverse and highly complex, in some cases
more so that other parts of Asia Pacific” said Mr Thio Tse Gan, the Centre lead in
Southeast Asia. “With the launch of the Asia Pacific Centre, Deloitte can work with clients
to overcome this added complexity, helping them proactively manage local, regional and
international reforms and effectively integrate the regulatory outlook into their long term
business strategy.”
Mr Nixon added: “By bringing together experts from across Deloitte’s member firms in the
region and drawing upon the firm’s existing centres in the U.S. and Europe, Deloitte clients
can now access a truly global network of regulatory specialists.”
To mark the launch, the centre published a white paper titled ‘Regulatory reform – The Asia
Pacific state of play’, setting out the key elements of the current international reform agenda
and highlighting their application in the Asia Pacific region.
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