10 & 11 June 2021 | 9:00 a.m. – 1:00 p.m. | 7 CPD
10 & 11 June 2021 | 9:00 a.m. – 1:00 p.m. | 7 CPD
The team of Financial Risk Management Advisors of KPMG in Cyprus, possessing many years of expertise in Capital Adequacy within the financial sector, will provide an introduction into the main provisions of the new prudential framework for Investment Firms, which will apply from 26 June 2021 onwards.
During the seminar, participants will learn how the capital adequacy rules and methodologies, as well as other prudential requirements, will change for CY and EU investment firms, in order to be able to estimate the extent to which such entities are expected to be affected.
More specifically, the training will focus on the key changes introduced by the European Investment Firm Regulation 2019/2033 on the prudential requirements of investment firms (“IFR”) and the European Investment Firm Directive 2019/2034 on the prudential supervision of investment firms (“IFD”).
By the end of the seminar participants will:
Officers serving in a number of functions within regulated investment firms including directors, general managers, CEOs, CFOs, heads of risk management functions and 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 proprietary trading functions and information systems officers.
Join the webinar (8:30 a.m. - 9:00 a.m.) *
Sessions (9:00 a.m. – 1:00 p.m. including two 15-min breaks between sessions)
1. Introduction (30 min)
2. Operating requirements (30 min)
3. Capital Adequacy Ratio & own funds (30 min)
4. Minimum capital requirements (1hr)
5. Breaking down the K‐Factor requirement (2hr & 30 min)
6. Concentration risk (15 min)
7. Liquidity requirement (15 min)
8. Disclosure, reporting and risk management arrangements (1hr & 30 min)
*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.
If you wish to register for the webinar please complete the registration form.
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.
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.
€270 + VAT. Net investment after subsidy from the HRDA of €119: €202,3 (including VAT) for all eligible participants*
*Last Date for 10% Early Bird Discount: 20/05/2021
For any queries, please contact Irini Avraam on +357 22 207 460 or at firstname.lastname@example.org.
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 (7 CPD).
Principal, Capital Adequacy Lead, Financial Risk Management, KPMG in Cyprus
Artemis is a Principal in the Financial Risk Management department of KPMG in Cyprus and is heading the Capital Adequacy consulting team of the department. Artemis possesses more than 11 years of experience in the financial services advisory field. She has extensive experience in the implementation of various assurance and advisory engagements in investment firms and banks with relation to, among others, Capital Adequacy calculations and seminars, Basel IV impact studies, Consolidated Supervision, ICAAPs, Operational Risk Management Frameworks, Client Assets and Internal Controls.
Artemis has participated in numerous Pillar 1 projects with several investment firms and banks in Cyprus, assisting in the quantification of risks and the calculation of Minimum Capital Requirements. She has also participated in the implementation of a Basel III Pillar 1 calculations engine for two of the largest local banking institutions and performed various Capital Efficiency exercises.
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 ICMA 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, CRR/CRDIV framework and upcoming CRR II/CRD V, IFR/IFD packages, as well other regulatory compliance framework, with experience spanning across both the investment and banking sector. Furthermore, his experience involves capital adequacy calculations, ICAAPs, ILAAPs, SREPs and overall regulatory compliance.
Moreover, Louis has delivered numerous educational seminars on the CRR/CRDIV and upcoming CRR II/CRD V, IFR/IFD packages.
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 a 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 CRR/CRDIV and upcoming CRR II/CRD V IFR/IFD packages, as well as MiFID I/II, PRIIPs and other regulatory compliance frameworks. She is involved in the execution of multiple advisory projects, with experience spanning across the investment and banking sectors.
Particularly to capital adequacy, she has participated in several Basel III and CRR/CRDIV projects for financial institutions in Cyprus, assisting in the quantification of risks and the calculation of minimum capital requirements. She has been involved in the implementation of CRR calculation engines in the banking sector, performed reviews and audits of Pillar 1 calculations and Pillar 3 disclosures for various investment firms in Cyprus.
Elena has been delivering seminars to financial entities on topics such as capital adequacy (Basel and CRR packages), MiFID II and PRIIPs.
The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy.