New Prudential Framework of Investment firms (IFD/IFR)

60.00

  • 2 CPD Hours

According to the “Directive of the Cyprus Securities and Exchange Commission regarding the certifications of persons and the certification register” (RAD 22/2017), it is compulsory that certified persons need to undergo annual training to satisfy the criterion of Continuing Professional Development in order to maintain their certification. This seminar aims primarily to satisfy the CPD requirement of CySEC by offering an update to the current developments of the Cyprus Law regarding CIFs and their obligations.

The aim of the seminar is to provide participants with an outline of the new prudential framework of Investment firms launched in the European Union (Investment Firms Directive (IFD) and Investment Firms Regulation (IFR)). It outlines the new principles of categorisation of Investment firms as well as new initial capital requirements. The seminar describes own funds requirements approaches and explains in detail the K-factor capital requirements approach introduced by Investment Firms Regulations (Regulation (EU) 2019/2033). Finally, it gives an overview of new liquidity and reporting requirements.

This seminar is addressed to the Risk Officers, Compliance Officers, Internal and External Auditors as well as the Members of the Board of Investment Firms as it outlines the prudential framework for Investment Firms.

Instructor

Ilze Petersone

Mrs. Ilze Petersone is certified ACCA, IIA and ACAMS member as well as the member of ICPAC.

Mrs. Petersone has more than 15 years’ practical experience in financial industry, particularly in banking industry, taking such positions as Chief Risk Officer, Chief accountant and Head of Risk department. She has been responsible for risk management framework development, including Recovery plan, ICAAP/ILAAP and capital requirements calculation in accordance with the prudential framework as well as for the prudential reporting and presenting to supervisory authorities. As Chief Risk Officer she has been responsible for implementation of capital requirements, Recovery Plan and ICAAP/ILAAP methodologies in daily management reporting system and risk management framework as well as development of internal politics and procedures for all risk management framework elements since these requirements were introduced in EU.

Outline

What’s included

  • Pre-Recorded Videos

  • Short Quizzes

  • Seminar notes

  • 24/7 access to our online platform

  • Certificate of Completion

Related seminars