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Evolution of the capital requirements regulation

9 & 10 December 2020 | 9:00 a.m. – 12:15 p.m. | 6 CPD

9 & 10 December 2020 | 9:00 a.m. – 12:15 p.m. | 6 CPD

capital-requirments

Webinar's overview

A KPMG’s Principal in our Risk Management Advisory department and her team will provide an overview of the main changes in the provisions of the European Capital Requirements Regulation (EU Regulation 575/2013 or “CRR”), as these arise from the CRR II and the Basel IV texts, and explain how the Pillar 1, capital adequacy calculations of banks should be amended to comply with the revised framework. 

Webinar's goals

By the end of the webinar, participants will:

  • Familiarise themselves with the main changes in the CRR
  • Be in a position to apply the aforementioned changes to their own capital adequacy calculations and understand the impact on their organisation
  • Identify ways to better resolve any related issues they may face.

Participants*

Officers serving in a number of functions within banks, including directors, general managers, CEOs, CFOs, heads of risk management functions, credit risk officers, market & liquidity risk officers, operational risk officers, accounting and finance control officers, heads of compliance functions and compliance officers, heads of internal audit functions and internal audit officers, officers involved in regulatory reporting, officers involved in treasury/proprietary trading functions and information systems officers.

*The number of participants is restricted to 28.

Agenda

Join the webinar (8:30 a.m. –  9:00 a.m.)*

Sessions (9:00 a.m. – 12:15 p.m. including a 15-min break between sessions)

1. Introduction (30 min)

  • Objectives of the webinar
  • Key learning outcomes
  • Drivers and purpose of the revisions to the Basel III framework
  • Summary of key changes in the Basel III framework

2. Credit risk (3 hrs & 30 min)

  • Revisions to the Standardised Approach for Credit Risk

              1. Use of external ratings

              2. Selected asset classes & exposures

  • New standardised approach for counterparty credit risk
  • Credit Valuation Adjustment (CVA) risk
  • Other X-Value Adjustment (XVA) risks
  • Credit risk mitigation

3. Market risk: Fundamental review of the trading book (FRTB) (45 min)

  • FRTB purpose and main provisions
  • Main industry concerns

4. Operational risk (30 min)

  • New standardised approach for operational risk

5. Output floor (15 min)

  • Meaning and purpose
  • Transitional provisions

6. Other topics (30 min)

  • Large exposures
  • Leverage ratio
  • Disclosures.

*Note: Please join the meeting 30 minutes prior to the webinar’s start time (join at 8:30 a.m.), in order to make sure that you do not face any connection or other technical issues.

Registration

If you wish to register for the webinar please complete the registration form and send it via email to academy@kpmg.com.cy or via fax to +357 22 513 294.

The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy. Please note that there are limited seats available therefore enrol in this webinar as soon as possible.

If you do not receive our confirmation e-mail regarding your registration, your participation cannot be guaranteed.

Cost

€294 + VAT. Net investment after subsidy from the HRDA of €102: €247,86 (including VAT) for all eligible participants*

*Last Date for 10% Early Bird Discount:  19/11/2020

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 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+) 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+) 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 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 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  (6 CPD).

Trainers

Hadjivarnava Artemis
Principal, Capital Adequacy Lead, Financial Risk Management, KPMG in Cyprus

Artemis is a Principal in the Financial Risk Management department of KPMG in Cyprus. She has extensive experience in the implementation of various assurance and advisory engagements, with relation to external risk management, Basel II and CRR/CRDIV (Basel III) calculations, Basel IV impact studies, ICAAPs, operational risk management frameworks, client assets, internal controls, AML, as well as overall regulatory compliance.

Artemis participated in Basel II, CRR/CRDIV (Basel III) and Basel IV projects with several banks and investment firms in Cyprus and possesses extensive experience in the treatment of client assets. She has also participated in the implementation of CRR calculation engines in the banking sector and performed audits of Pillar 1 calculations and Pillar 3 disclosures.

Furthermore, Artemis had an active role in the transposition of the European Council’s CRD 2 and CRD 3 provisions into CySEC legislation and has advised banks on the EBA stress testing exercise. Artemis has assisted CySEC in the development of guidelines for the proper handling and protection of client funds and financial instruments.

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

 

Demetriou Louis
Senior Manager, Financial Risk Management, KPMG in Cyprus

Louis is a Senior Manager in the Financial Risk Management Department of KPMG in Cyprus. He holds a BSc in Computational Mathematics from the University of Reading and an MSc in Financial Risk Management from the CMA Centre – Henley Business School of the University of Reading. He is also an IFID (International Fixed Income and Derivatives) certificate holder.

Louis has extensive experience in the implementation of various advisory engagements in relation to financial risk management, Basel II/III frameworks, capital adequacy calculations, ICAAPs, ILAAPs, SREPs and overall regulatory compliance. Furthermore, he has been involved in Basel II/III and CRR/CRDIV projects for several banks and investment firms in Cyprus. Amongst his duties while working on the said projects, was the provision of assistance in the quantification and assessment of risks, the calculation of minimum capital requirements and the implementation of capital efficiency and impact study exercises.

Moreover, Louis has delivered numerous educational seminars on the CRR/CRDIV framework and on the upcoming CRR II/CRD V (Basel 4) framework to various banks and investment firms.

 

Iacovidou Elena
Manager, Financial Risk Management, KPMG in Cyprus

Elena is a Manager in the Financial Risk Management Department of KPMG in Cyprus. She is a holder of BSc Mathematics from the University of Bath and an MSc in Financial Risk Management from the Henley Business School of the University of Reading.

Elena has extensive experience in the areas of MiFID I/II, Basel III/IV, PRIIPs and other regulatory compliance frameworks. Her experience spans across the investment and banking sectors. Particularly, she has participated in a number of Basel III and CRR/CRDIV projects for financial institutions in Cyprus, assisting them in the quantification of risks and the calculation of minimum capital requirements. She has also performed numerous audits of Pillar 3 disclosures for various investment firms in Cyprus.

Elena has been delivering seminars to financial entities on topics such as Basel III and upcoming Basel IV, MiFID II, PRIIPs and more.

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The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy.

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