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LHBU and Beyond, the True meaning of Regulatory Automation
Thursday
29thJuly, 2004
8:30am - 11:30am
Hotel Mulia Senayan
Jl. Asia Africa, Senayan
Jakarta 10270
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LHBU introduces daily reporting requirements - are you prepared?
Regulatory reporting may seem like a chore to you but the information you provide is essential to Bank Indonesia for them to fulfil their supervisory role and to contribute to the management of the national and local economies. From 2005, the LHBU returns will introduce a daily reporting requirement for the first time, considerably increasing the difficulty of gathering accurate data in a timely manner.
This briefing updates you on LHBU requirements and introduces a flexible approach to automation of, not just LHBU, but the full Bank Indonesia reporting requirement. Whether you are looking for an immediate solution to the reporting of remote branches across the country or a solution that can take your daily business and fully compute the data required by Bank Indonesia, this seminar has all the answers.
Automation can often be costly, especially when hard coded into bespoke computer programs that are difficult to maintain into the future. We will show you a cost effective way to implement now and win in the long term.
Participants in this free event will benefit from first hand information about the scope and direction of Bank Indonesia regulatory reporting requirements and will be able to consider the potential implications of the daily reporting requirement and a better way to wrap up this whole issue. Please confirm your acceptance a) by faxing the form on the reverse b) by calling Charlie on (021) 252-1090, c) or by emailing to seminars@cygnetpericon.com. Space is limited: be sure to book your place by Friday 23rd July.
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8:30-9:00am:
Breakfast
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Registration and welcome
Please arrive on time and enjoy a continental breakfast whilst you register at the event and receive your welcome pack. Joining instructions and a location map will have been sent to you beforehand.
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9:00-9:10am:
Chairman
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C. Hendra Suhartanto, Managing Director, PT Cygnet Pericon
The Chairman will set the scene with a brief run through the agenda for the seminar and the issues raised by the introduction of daily regulatory reporting.
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9:10-9:40am:
An overview of the LHBU requirement and the need for daily figures
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Dibyo Raharjo, Director, Special Unit for Information Management - Bank Indonesia
(To be confirmed)
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9:40-10:10am:
Automation is often made more complicated than it should
be, which makes it more expensive
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Michael J. Thomas, Group CEO, STB Systems, Group
STB Systems are global leaders in fully automated regulatory reporting and are now bringing their proven solution to the Indonesian market. As Group CEO, Michael has a thorough understanding of what automation is truly about. He will present the key areas to be addressed and describe how a tools based approach to product development has helped STB to address these for you.
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10:10-10:30am:
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Refreshment break
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10:30-11:00am:
A presentation and demonstration of STB-Reporter
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John Heaps, Regional Operations Manager, STB Systems Solutions Pte Ltd
Using the same software that supports 170+ financial institutions around the world, John will demonstrate the variety of options available for LHBU automation -
- Data input for direct form entry
- Automated data consolidation for multi-branch consolidation
- Automated computation for Straight Through Processing (STP)
- Bank Indonesia interface file generation
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11:00-11:30am:
Locally developed and locally supported
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C. Hendra Suhartanto, Managing Director, Cygnet Pericon
PT. Cygnet Pericon is a leading provider of Business Intelligence and Regulatory Reporting solutions to the financial services industry in Indonesia. Hendra will share with you how Cygnet team's strength and in-depth local knowledge of the banking industry are put to work in assisting your institution addresses the new regulatory requirement and beyond.
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