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Recovery plans for CIFs

Tuesday, 7th July 2020 | 9:30 a.m. – 11:45 a.m | 2 CPD

Tuesday, 7th July 2020 | 9:30 a.m. – 11:45 a.m | 2 CPD

recovery-plans

Webinar overview

In February 2020, CySEC issued Directive DI20-01, which introduces Recovery Plan requirements for CIFs. The Recovery Planning requirements introduce new concepts in terms of the financial distress and crisis management.

The main aim of a recovery plan is to identify and prepare the actions that can be taken by a CIF to recover its financial position, following a severe stress that threatens its viability. These actions need to be sufficiently detailed in order to ensure the smooth functioning of the financial markets and the Cyprus and European economy.

Agenda

Join the webinar (9:00 a.m. –  9:30 a.m.)*

Sessions (9:30 a.m. – 11:45 a.m. including a 15-min break between sessions)

  • Introduction
  • Concepts of BRRD – Recovery and Resolution
  • CySEC regulatory requirements -Simplified vs Full requirements and reporting deadlines
  • Recovery Plans for CIFs – areas of focus and challenges.
     

*Note: Please join the meeting 30 minutes prior to the webinar’s start time (join at 9:00 a.m.), in order to make sure that you do not face any connection or other technical issues.

Participants

This webinar will be of interest to General Managers/ CEOs, Risk Managers/ Compliance Officers of CIFs that are expected to comply with the reporting requirements of Recovery Plans. Members of the Board of Directors and Internal Auditors of CIFs may also be interested to attend, as it is essential for them to comprehend the requirements in order to oversee, review and challenge the Recovery Plan.

Registation

Cost: €95

To register for the webinar, please click here. Once your registration is submitted, you will receive an email stating the participation fee, including any discounts, if applicable. Kindly note that the payment should be settled at least two days prior to the webinar’s date for your registration to be confirmed.


Discounts available:

  • For more than two (3+) participants from the same company a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enrol in the same seminar/webinar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
  • For individuals/legal entities who/which register in more than two (3+) seminars/webinars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enrol in more than two (3+) seminars/webinars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
  • There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable.
  • There is a 10% Early Bird discount on selected seminars/webinars for participants who enrol in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.
  • HRDA subsidy for all HRDA approved seminars/webinars. 

Contact

For any queries, please contact Irini Avraam on +357 22 207 460 or at academy@kpmg.com.cy.


CPD:
This webinar may contribute to Continuing Professional Development requirements.  Shortly after the webinar’s date, participants will receive electronically a certificate of attendance confirming the total number of training hours (2 CPD).

Trainer

Neocleous Eleni
Board Member, Risk Consulting, KPMG in Cyprus

Eleni is a Board Member in the Financial Risk Management Department at KPMG in Cyprus with experience in the areas of risk management, capital adequacy, liquidity management, governance and AML compliance. Her experience spans across the financial services sector.

Eleni joined KPMG in Cyprus in 2010 and has since acted as an advisor in a number of high-profile engagements, helping financial services firms to respond to the challenges that arose after the economic crisis and implement regulatory change. She has primarily assisted banks and investments firms on credit, impairment and stress testing issues, advised banks on the ECB SREP framework and SSM approach and assisted regulators and financial institutions on the implementation of new AML rules in Cyprus.

Prior to joining KPMG in Cyprus, Eleni advised international banks, investment firms and insurers on risk management issues whilst working in the FS Risk Advisory of KPMG UK. At the peak of the global financial crisis, Eleni was seconded to the Financial Services Authority (FSA – now Prudential Risk Authority) Supervision Division, where she provided technical guidance to FSA supervisors on how to implement the Supervisory Review and Evaluation process (SREP).

In 2015, she was certified by the HRDA as a “Trainer of Vocational Training”.

 

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