Geopolitics and Sanctions – Impact on Financial Services - Our Programmes

Drawing on expert insights, this programme offers a comprehensive overview of key geopolitical risk issues affecting the global economy in the short and medium-term.

The programme provides approaches to understanding the wide-ranging impacts from geopolitical developments on financial institutions and their strategic clients, including through the increasing use of sanctions measures by governments as a national security policy tool. The programme also provides insight into improving internal approaches to geopolitical risk mitigation and sanctions compliance.

Programme Outline

Learning Objectives

Expert insight into the key global geopolitical issues likely to affect the international business environment and the financial sector
Practitioner advice on information sources and methods to analyse the global geopolitical environment on an ongoing basis
Develop attendee awareness of geopolitically driven trends and developments in legislation, regulation and regulatory expectations in Singapore and other financial centres that relevant to the financial advisory and capital markets sectors
Analysis of the wide-ranging impacts for financial sector firms, including via increasing sanctions implementation requirements, and approaches to ongoing impact assessment for their own organisations
Insight into the challenges financial firms face when anticipating and managing the impacts of geopolitical uncertainty/volatility and sanctions
Highlight and develop attendee awareness of the possible ethical issues relevant to the financial advisory and capital markets sectors that arise from geopolitical developments
Advice on the frameworks and tools attendees can use to enhance approaches in their own firms

Programme Outline

Module 1: The changing geopolitical environment (1.5 hrs)
Underlying drivers of geopolitical volatility
Key geopolitical risk issues/areas
Geopolitical Risk 2.0 – new paradigm and new characteristics
Keeping track: approaches to geopolitical risk monitoring
Module 2: Key Impacts (1.5 hours) – SFA FAA
Macroeconomic, market and commodity impacts
ESG linkages
Business impacts
Financial sector impacts – including sanctions, new legislation, regulation and emerging expectations amongst regulators and other external stakeholders on approaches to geopolitical risk
Emerging ethical challenges and issues arising from rising geopolitical volatility
Case study: global macroeconomic/business impacts from MENA escalation (https://openknowledge.worldbank.org/server/api/core/bitstreams/27189ca2-d947-4ca2-8e3f-a36b3b5bf4ba/content)
Module 3: Approaches to risk management (1.5 hours)
The financial sector experience of geopolitical risk and sanctions in recent decades
Traditional FS approaches to geopolitical risk and sanctions risk management
Emerging ethical challenges and
Evolving industry practice and benchmarking data
https://www.ey.com/en_gl/industries/banking-capital-markets/ey-iif-global-bank-risk-management-survey#:~:text=The%20results%20of%20the%2013th,versatility%20from%20senior%20risk%20leaders
Module 4: Enhancing Geopolitical Risk and Sanctions Frameworks in Your Organisation (1.5 hours) -SFA FAA
Changing regulatory expectations on sanctions (see below)
Changing regulatory expectations on wider geopolitical risk
Using geopolitical expertise to improve sanctions compliance
Internal geopolitical risk management frameworks: an operating model
(Recent MAS Guidance: https://www.mas.gov.sg/regulation/circulars/circular-on-ensuring-effective-detection-of-sanctions-related-risks)
Assessment and Evaluation: (0.5 hours)
A 10 question MCQ quiz at the end of the course

METHODOLOGY

Lecture, case studies and discussions

Target Audience

Strategy Manager, Risk Manager, Legal Advisor, Compliance Officer, Internal Audit Officer, Relationship Manager, Wealth Manager, Financial Advisor, Personal Banker, Investment Manager, Fund Manager, Private Banker

trainer

Derek Leatherdale

Founder and Managing Director of GRI Strategies Ltd

ibf funding

FTS-Eligible

This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.

The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$500 per candidate per course subject to all eligibility criteria being met.

Find out more on www.ibf.org.sg

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Derek Leatherdale

Founder and Managing Director of GRI Strategies Ltd

Derek Leatherdale is Founder and Managing Director of GRI Strategies Ltd, leading pioneering work with companies across industry sectors to improve internal approaches to corporate governance and management of geopolitical risk exposures.

Before setting up GRI, Derek founded HSBC’s group geopolitical risk function, the first of its kind in the financial sector. This involved integrating expert geopolitical risk input into all aspects of the group’s governance, strategy and risk management across a global portfolio of banking operations - covering investment and corporate banking, markets and asset management businesses, trade finance and other banking services.

The function’s work supported HSBC’s response to issues and crises where it had strategic exposures, including the Arab Spring, other political risks in MENA, the Eurozone debt crisis, Brexit, strategic developments in the US-China relationship and other emerging market political issues globally.

In a subsequent role, Derek led global government affairs campaigns for HSBC, driving engagement with international standard-setters, other international bodies, including the G7 and G20, and key national authorities.

Prior to HSBC, Derek worked in national security and intelligence roles for the UK government.

Derek holds an MA with Distinction in International Politics from King’s College, London. He is a Visiting Scholar at the London Institute of Banking and Finance’s Centre for Governance, Risk and Regulation. He also provides geopolitical risk training to the Chartered Institute of Internal Auditors and provides governance training and workshops to a wide range of board audiences.

Derek has developed the first geopolitical risk management framework of its kind for companies. He is the co-author of ‘The Extra G – ESG2’, innovative leading practice guidance on geopolitical risk oversight and its integration with ESG issues for boards, their risk committees and risk functions, in association with The Risk Coalition.

Derek is the author of several other pieces of thought leadership examining how firms can develop resilience and enhance decision-making in a more geopolitically contested world, and regularly contributes to expert discussions and events on these topics