Press release

Wolters Kluwer to Share Expertise at 2019 ABA Regulatory Compliance Conference

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, CRCM, Senior Director for Advisory Services and Regulatory
Relations in Wolters
Kluwer’s Compliance Solutions business
, will speak on “Leading
Indicators for UDAAP Risk: Being Customer-Centric without Compliance
at the 2019
American Bankers Association Regulatory Compliance Conference
, June
9-12 at the Hyatt Regency in downtown New Orleans.

UDAAP (Unfair, Deceptive or Abusive Acts or Practices) is a topic of
increasing importance to financial institutions as well as to
regulators. Boccia will present at 3:15-4:30 p.m. Sunday, June 9 and
again at 10:15-11:30 a.m. Monday, June 10. She will be joined by Wells
Fargo’s Emily Porath, CRCM, Vice President, Operational Risk, UDAAP
Program Office to offer a bank’s front-line perspectives.

“Compliance with UDAAP principles is a complicated matter for most
financial institutions, large or small,” says Boccia. “The regulations
are broadly defined and fairly subjective in interpretation, especially
when applied by regulators with the benefit of hindsight. However, the
increasing complexity of financial products and services, along with a
myriad of communication and delivery methods, has made the UDAAP
compliance task altogether more daunting.”

The conference session will provide insights in helping banks identify
UDAAP risks, and offer practical guidance for mitigating those risks
through a comprehensive UDAAP risk assessment that is part of a bank’s Compliance
Management System

Boccia will also moderate a conference panel discussion, “When Change
is Driving the Future, Keep Compliance at the Wheel
, featuring
several regulatory compliance colleagues in a breakfast session Tuesday,
June 11 from 7:30-8:30 a.m. The session will provide guidance on how
banks may adapt their compliance management strategies to address
evolving factors impacting the regulatory landscape:

  • Agile and scalable approaches to regulatory
  • Practical applications of Artificial Intelligence, FinTech
    and RegTech
  • Adapting Compliance Management Systems for regulatory and technology

Wolters Kluwer panelists include Timothy
R. Burniston
, CRCM, Principal Regulatory Strategist and Senior
Advisor; SK Karanam, Market Manager, Compliance Program Management; and Kris
, Senior Director, Regulatory Compliance Analysis, Compliance
Center of Excellence.

Wolters Kluwer Compliance Solutions, part of the company’s Governance,
Risk & Compliance division, is a market leader and trusted provider of
risk management and regulatory
solutions and services to U.S. banks and credit unions,
insurers and securities firms. The business helps these financial
institutions efficiently manage compliance obligations tied to loan and
deposit origination transactions and workflows, manage risk and
regulatory compliance obligations, and gain the insights needed to focus
on better serving their customers and growing their business.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance (GRC) is a division of Wolters
, which provides legal and
banking professionals with solutions to ensure compliance with
ever-changing regulatory and legal obligations, manage risk, increase
efficiency, and produce better business outcomes. GRC offers a portfolio
of technology-enabled expert services and solutions focused on legal
entity compliance, legal operations management, banking product
compliance, and banking regulatory compliance.

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information
services and solutions for professionals in the health, tax and
accounting, risk and compliance, finance and legal sectors. Wolters
Kluwer reported 2018 annual revenues of €4.3 billion. The company,
headquartered in Alphen aan den Rijn, the Netherlands, serves customers
in over 180 countries, maintains operations in over 40 countries and
employs 19,000 people worldwide.