Revised Operational Risk Capital Requirements (Basel III Reforms)

80.00

  • 3 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 Operational risk capital requirements in accordance with the BASEL international regulatory framework for banks and BASEL III reforms.

The aim of the seminar is to provide participants with an outline of the capital requirements for operational risk in accordance with the BASEL III reforms that will be in force starting from January, 2023. The seminar gives the detailed overview of owns funds requirements for Operational risk. Giving emphases on revised Standardised approach (OpR-SA) which is presented in BASEL III reforms, the seminar includes detailed information on requirements on Business Indicators and mapping to FINREP positions as well as the requirements for loss data identification, collection and treatment. In addition to revised Standardised approach for calculation of Operational risk capital requirements the 2nd section of the seminar includes EBA internal risk taxonomy on operational risk as well as ICT risk taxonomy.

This seminar is addressed to the Risk Officers, specialists responsible for capital requirements calculation, Internal and External Auditors as well as the Members of the Board of 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

  • Capital Requirements background (BASEL III)
  • BASEL III finalization overview
  • Revised operational risk capital requirement – Overview
  • OpR – Revised Standardised approach (reSA)
  • OpR – loss data identification, collection and treatment
  • EBA internal taxonomy on operational risk

What’s included

  • Pre-Recorded Videos

  • Short Quizzes

  • Seminar notes

  • 24/7 access to our online platform

  • Certificate of Completion

Related seminars