Mr. Simon L Topping

Principal, Financial Services (Regulatory)

KPMG in China

Simon has been a Partner with KPMG for six years, following nearly 30 years in the public sector, primarily as a banking supervisor, with the Hong Kong Monetary Authority (HKMA) and the Bank of England. He has lived and worked in Asia for the past 19 years. Simon heads KPMG’s Financial Services Centre of Excellence for the Asia Pacific region, linking in with counterparts in North America and Europe to provide regulatory, compliance and risk management advice and solutions to both global and Asian clients. His credentials include providing advice to Hong Kong local banks, Chinese banks and global banks on regulatory compliance, governance, anti-money laundering (AML), remediation of regulatory examination findings, regulatory applications, Basel III (capital, liquidity, recovery and resolution planning, SIB requirements), ICAAP/capital management, model validation, operational risk (AMA), stress-testing, outsourcing, Director training, and the impact of regulation on business models. He also advises major global investment/commercial banks on regulatory relations, governance, Asian strategy, restructuring of Asian operations, and booking models; and provides input to both banking and securities regulators on various areas of regulatory reform. As Executive Director (Banking Policy) at the HKMA, he led of the Basel II program for Hong Kong. HKMA policy initiatives with which he is particularly associated include the policies on Pillar 2/ICAAP, provisioning (the “regulatory reserve”), and AML. He travels extensively in the region, interacting and sharing insights with both industry and regulators. Having participated regularly in both “Basel” and Asian regional supervisory groups for a decade, he has had wide contact with, and is well known to, regulators throughout the region and globally and maintains strong contact with Basel. He features regularly in the press, in Risk periodicals, and at conferences. He is the author of an annual publication, “Evolving Banking Regulation - Asia Pacific. As a former senior Asian regulator, Simon has extensive contacts in the region and wide experience of all manner of regulatory and risk management issues, including practical experience of resolving the particular implementation and regulatory issues faced by both domestic and foreign institutions doing business in Asia.

Areas of expertise

Advisory Banking Capital Markets Financial Risk Management Financial Services Forensic Insurance Investment Management Retail banking Risk Consulting

Education and qualifications

  • B.A. (Hons.) Business Studies

Connect with me

  • Hong Kong, HK
 

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