Singapore/Hong Kong, 15 December 2020 – PwC has won Consulting Firm of the Year in the 3rd Regulation Asia Awards for Excellence 2020 in an online ceremony on 15 December 2020.
In the highly competitive category, PwC emerged as the winner largely for the breadth of its market coverage in Asia Pacific, organised across four risk disciplines – financial risk management; risk and regulatory; forensics; and financial crime. Each discipline is underpinned by a focus on regtech, and a willingness to work with technology specialists to built out solutions for clients.
From assisting banks across Asia with developing or validating their risk models, to operating a dedicated financial crime operation centre in the Manila, and building out adverse media algorithms to address the issue of false positives, PwC has demonstrated a commitment to client needs that goes beyond the call of duty.
“PwC’s risk consulting practice in Southeast Asia was a stand out this year for the breadth and depth of its work to help financial institutions meet new regulatory change requirements,” said one judge on the awards panel. “It has done this with a specific focus on technology to facilitate compliance, which shows its forward-looking mindset.”
This year, PwC has continued to support Singapore banks with BCBS 239 compliance, LIBOR transition, and data governance; banks in Vietnam and Indonesia with data governance enhancements and credit model development, and banks in Malaysia and Thailand with IFRS 9 model development and validation.
About the Regulation Asia Awards for Excellence 2020
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that have helped meet the challenges of the ever-changing and increasingly complex regulatory landscape in Asia Pacific. Each year, submissions are diligently evaluated and award winners selected by a panel of industry experts serving as judges.
The full list of award winners is available here.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 8,500 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.