Mohan Kumar Sonne Gowda

Driving Regulatory Innovation: Automated Swap Data Reporting and Exception Management

Abstract:

In this article, I discuss the ways in which technology has been used to build, implement, and maintain an automated report for the purpose of reporting swap transactions that are covered by the European Market Infrastructure Regulation (EMIR) and Dodd-Frank Act (DFA) Rule 12b-2. The automated report will use advances in technology, including but not limited to Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP), to enhance the regulatory reporting process, exception management, and compliance with EMIR, DFA and across all regions of the globe. All automated reports will be designed so that companies can minimize their need to perform manual processing and maximize the quality, accuracy, and transparency of their reports by converting them to a single format and standardizing the way they collect and submit data to regulators. By utilizing the advanced analytics capabilities in combination with a real-time monitoring, companies will benefit from more timely swap reporting and will ultimately enhance the efficiency of markets for all types of securities. The automated reporting of swaps improves the environment for regulatory reporting in regard to the marketplace, provides a new baseline for the financial services industry's compliance with regulation, eliminates or reduces the possibility of violating regulatory requirements within the financial services sector, decreases the cost of regulatory penalties associated with non-compliance, and improves the reputation of the organization overall.

Profile:

Mohan Kumar is a seasoned Audit, Compliance, Risk, and Technology leader with over 20 years of experience across global banking and financial services organizations. He brings deep expertise in leading complex, large-scale audits, regulatory remediation programs, and transformation initiatives within matrixed, multinational environments. Currently a Senior Audit Manager at HSBC Bank in New York, Mohan leads front-to-back audits across Commercial Banking, Global Banking, Investment Banking, and Markets, covering a broad spectrum of financial and non-financial risks.
Mohan is widely recognized for his strong command of regulatory compliance, financial crime risk, technology risk, and data analytics, including the use of advanced tools and full-population testing. His experience spans wholesale credit, market and liquidity risk, regulatory reporting, AI governance, and complex financial products such as equities, derivatives, and structured financing solutions.

Prior to his audit leadership role, Mohan served as Vice President in Compliance Governance at HSBC, where he managed regulatory examinations, consent order remediation, and enterprise-wide compliance governance frameworks. Earlier in his career, he held senior program management and business analysis roles at Goldman Sachs, CAPCO, Headstrong, and Novell, delivering regulatory, trading, and technology platforms globally.

A decisive and results-driven professional, Mohan is known for his analytical rigor, collaborative leadership style, and ability to influence senior stakeholders while developing high-performing teams.