Emerging

Challenges
in the
Financial Services
Industry
A one day Seminar from

The Institute of Internal Auditors India

Madras Chapter
Global Headquarters:
The Institute of Internal Auditors Florida USA

November 21, 2015

Raintree Hotel, Anna Salai, Chennai

The Changing Landscape

Indias financial services sector is healthy, sufficiently capitalised and well-regulated.
The financial and economic conditions in India are far superior to any other country in
the world. Credit, market and liquidity risk studies suggest that Indian banks are
generally resilient and have withstood the global downturn well.

Indian banking industry is expected to witness better growth prospects in 2015 as a

sense of optimism stems from the Governments measures towards revitalizing the
industrial growth in the country. In addition, RBIs new measures may go a long way in
helping the restructuring of the domestic banking industry.
The next stage for the Indian banking has been set up with the proposed relaxation in
the norms for foreign direct investment, where all foreign investors in banks may be
given voting rights which could exceed the present cap of 10% at present. It has gone
up to 74% with some restrictions.
Non-banking financial companies (NBFCs) in India has recorded marked growth in
recent years. After their existence, they are useful and fruitful for the evolution of a
vibrant, competitive and dynamic financial system in Indian money market.
As guardian of the financial sector, the Reserve Bank of India plays a pivotal role in the
regulation of this sector and has put in place stringent regulatory requirements to be
complied with by Banks and NBFCs. This regulatory structure creates transparency
between banking institutions and the individuals and companies with whom they
conduct business, among other things. Given the interconnectedness of the banking
industry and the reliance that the national (and global) economy hold on banks, it is
important for regulatory agencies to maintain control over the standardized practices
of these institutions

The Emerging Challenges

This seminar will discuss the emerging challenges in the financial services industry
notably banks and non banking financial companies in the context of influence of
technology on daily operations, cyber threats and security concerns, developing better
risk management solutions using data analytics tools and techniques.
The seminar will also deal with some of the recent regulatory, compliance and
reporting requirements introduced and how it would be a major role of both
management and internal auditors to ensure they are complied with.

Detailed Work Schedule

09.30 am

Inaugural Session
Welcome Address
Mr Giridhar Janardhana, Chapter President, IIA Madras Chapter &
Partner, BlueRidge Consulting Services
Seminar outilne
Mr P K Ranganathan, Chapter Vice President, IIA Madras Chapter &
Vice President Internal Audit, Ashok Leyland Limited
Keynote address by Guest of Honour:
Emerging Challenges in Financial Services Industry
Mr. S. Santhanakrishnan, Founder Partner,
PKF Sridhar & Santhanam LLP, Chartered Accountants
Inaugural Address by Chief Guest
Mr Sachin Pillai, Chief Operating Officer, Hinduja Leyland Finance Limited
Vote of thanks:
Mr K Vidyadharan, Sr. Vice President IIA India, Chairman Programs Committee &
Senior Partner, Mountbattan & Co. Chartered Accountants

10.30 am

Networking break

11.00 am

Technical Session -1
Cyber Threats & Security Concerns

Speaker:
Mr. R. Vittal Raj,
Director
Pristine Consulting Pvt Ltd

12.00 am

Technical Session -2
Regulatory Compliance & Reporting

Speaker:
Mr. H Venkatesan
Senior General Manager&
Head of Internal Audit
Sundaram Finance Ltd

01.00 pm

Lunch break

01.45 pm

Panel Discussion Managing Emerging Technology Risks

Discussion Co-ordinator
Mr Giridhar Janardhana, Partner, BlueRidge Consulting Services &
Chapter President IIA Madras Chapter
Panelists:
Dr. Rama Subramanian, Director & CEO, Valiant Technologies Pvt Ltd
Mr P R Loganathan,Managing Director, CISMA Consultants Private Limited &
Formerly Region of India Director, IIA Florida.
+ 2 more panelists awaiting confirmation

03.00 pm

Networking break

03.30 pm

Technical Session -3
Current Fraud Trends in Financial Services

Speaker:
Mr. Dhruv Chawla
Partner -Forensic Services
PWC India.

04.30 pm

Technical Session -4
Data Analytics
Revitalizing Risk Management

Speaker:
Mr. Shekar Katuri
Director, Financial Advisory Services
Deloitte

05.30 pm

Concluding Remarks
Mr Krishna Chaitanya, Chapter Secretary, IIA Madras Chapter &
Partner, Grant Thornton

Participation fee [per participant]

Rs. 2,000 [inclusive of Service Tax] per participant
Rs. 1,500 [inclusive of service Tax] for members of IIA

CPE Credits
Qualified CIAs, CISAs, Chartered /Cost Accountants are eligible as per their respective
Institutes regulations.

Registration Guidance
Kindly send your letter of registration to the following address by Email/Post/Courier giving details of participant
name, designation, organization, mailing address , contact phone numbers and email address. Mobile No. & Email
ID must be given for every delegate.
Participation fee may be sent by cheque drawn in favor of Institute of Internal Auditors Madras Chapter OR by
Bank Transfer direct to our Bank Account [details below] . For Bank Transfers it is compulsory to provide the Bank
Transaction Reference Number on your letter of registration to ensure proper credit.

Mr K Vidyadharan
Chairman Programs Committee
Institute of Internal Auditors India, Madras Chapter
C/o. Mountbattan& Co.
Flat No. 7, Kailash Apartments, 3rd floor
New No.9, Thiruvengadam Street,
West Mambalam, Chennai 600033
Email: programs@iiamadras.org

Bank Account Name

IIA Madras Chapter
Bank Particulars
HDFC Bank, West Mambalam Branch,
Chennai 600033
Current Account No:
501 000 7363 4769
RTGS/NEFT IFSC Code
IFSC: HDFC0000575

About The Institute of Internal Auditors

Established in 1941, The Institute of Internal Auditors (IIA) is an international professional
association with global headquarters in Altamonte Springs, Florida, USA. The IIA is the internal audit
profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal
educator. IIA has more than 175,000 members in 165 countries and territories around the world,
including India. Generally, members work in internal auditing, risk management, governance,
internal control, information technology audit, education, and security. IIA India has SIX Chapters as
part of The Institute of Internal Auditors functioning at Bangalore, Chenai, Delhi, Hyderabad,
Mumbai and Kolkata,
IIA Madras Chapter was inaugurated on February 22, 1977. During the last 38 years, the Chapter has
made a significant contribution to the growth of the Internal Auditing profession in this part of the
country. The Chapter organizes Conferences, Seminars and Workshops on contemporary topics
connected with internal auditing. Currently the Chapter is also organising a Diploma Course on
Internal Auditing jointly with the University of Madras. The Chapter conducts a monthly Professional
Development Meeting [PDM] where invited speakers make presentations on technical topics related
to internal auditing.