Almost 200 regulators, government officials, and executives gathered in Sao Paulo, Brazil for the 1st Annual Latin American Regulatory Summit on November 4-5, 2013. During the two days, participants joined networking sessions and panels. There were 25 notable speakers, including two Brazilian Ministers, the Head of Regulation for BM&Fbovespa (Brazilian Stock Exchange in Sao Paulo), regulators from the Central Bank, CGU (Brazilian Office of the Comptroller General), and COAF (Brazilian Council for Financial Activities Control), and senior compliance officers such as the Global Head of Compliance from BTG Pactual.
United States Consul General to Brazil, Dennis Hankins, provided a keynote speech related to promoting regulatory cooperation between the USA and Brazil. This prompted discussions around fighting money laundering and corruption, understanding the Latin American and Brazilian regulatory landscape, FATCA compliance, and best practices to develop stronger corporate compliance and governance programs.
Alberto Gutierrez, Managing Director, Brazil, hosted the official opening of the summit and introduced Minister of State and Head of the Office of the Comptroller General of Brazil, Jorge Hage. Minister Hage and Gilson Dipp, Minister of the Brazilian Superior Court, continued with the landmark passage of a new anti-corruption law in Brazil, effective in January 2014, discussed at length. Their provocative speeches received significant attention in the Brazilian press, providing broader coverage and awareness for the event.
Thomson Reuters provides an open forum to discuss compliance in Latin America
GGO LatAm Managing Director, Gonzalo Lissarrague, closed the event with an address discussing the rise of Latin America on the world stage and the need for stronger risk management and compliance programs to compete globally. “It was rewarding to see regulators and executives discuss and debate compliance complexity in Latin America in an open forum, and how Thomson Reuters is seen as a partner to Latin American institutions,” Gonzalo noted.
Great feedback from the First Latin American Regulatory Summit
Account managers from GGO LatAm Financial & Risk and Legal Brazil were in attendance to talk to attendees and provide an overview of our solutions, such as Accelus eLearning & Screening, BoardLink, and Eikon. “The feedback from attendees indicated a deep appreciation for our commitment to helping risk and compliance officers manage increased regulatory complexity and compliance burden in Latin America,” commented Donald Peele, Head of Risk, GGO LatAm.
Sharing a successful Regulatory Summit model
Special thanks to Ben Tirebuck and his team for their help and support in organizing the inaugural First Latin American Regulatory Summit. Ben and his team are responsible for the annual Pan-Asian Regulatory Summit which continues to grow in success and scale each year. The 4th Pan-Asian Regulatory Summit held in Singapore in September attracted over 700 attendees, leading industry names and authorities and extensive press coverage. The model has since been scaled to cater for Regulatory Summits elsewhere in Hong Kong, Indonesia, Australia and Japan.
Ben and Ambili Nair provided ongoing guidance, wisdom and support to the GGO LatAm team from afar via regular interaction to help prepare and ensure a successful launch event. By scaling this model in the Latin American region for the first time, Thomson Reuters harnesses its global footprint and reinforces its unique position to be a trusted partner to provide these open and innovative forums. The events have proven to be highly effective at sharing knowledge and opening up discussion, and enabling strong relationships to develop between regulators, clients, sponsors as well as ourselves which benefit all parties.