Learn about IFPR - Investment Firms’ Prudential Regulation, ICARA Capital Requirements and K-Factors
Join this practical 1 day workshop conducted by a regulatory expert and a senior industry advisor to some of the leading international organisations to learn the best practices in implementing the directive and optimising your firm’s liquidity, risk management and governance frameworks.The EU Investment Firms Regulation and Directive (IFR/IFD) came into force December 2019, introducing a new prudential regime for investment firms and a material shift in the EU regulatory framework for investment firms currently authorised under MIFID. The IFR/IFD requirements vary by firm activities and asset size, but will replace the current Capital Requirements Regulation and Directive (CRR/CRD) for most investment firms. In addition, the ICARA - Internal Capital Adequacy and Risk Assessment will replace the existing Internal Capital Adequacy and Assessment Process (ICAAP). We will be also examining the UK IFPR - Investment Firms Prudential Regime and its impact on funds in the UK.
This practical 1 day course taught by an expert with over 20 years of practical experience from the sector will examine the new regime and give you a chance to learn about compliance and regulatory capital requirements and their impact on firms’ liquidity, prudential consolidation, risk management and governance frameworks as well as remuneration requirements and regulatory disclosures.
Course Content
Regulatory BackgroundScope and ClassificationRemuneration RequirementsRisk ManagementICAAP vs ICARA, and broader CRR RequirementsCapital Requirements and K FactorsGovernanceOther Considerations
The three pillars of IFPR - Prudential, Governance and Remuneration
Class 1, 2 and 3 Firms
Impact to Remuneration Policy
Internal Capital and Risk Assessment (ICARA)
Risk Provisions - Identifying and monitoring harms
Transitional provisions for capital
Entity Risk Committee
Regulatory reporting
Speakers
The Training Director is an industry advisor and regulatory expert with over 20 years of experience in investment banking, asset management regulations and Regulatory Technology (RegTech). He is an industry expert in Financial Regulation, RegTech and Open Banking and covers all the key banking and finance regulations across US, EMEA and APAC including MIFID II, EMIR, CASS, SFTR, IFR/IFD, Dodd Frank, FINMA (SIX), HKMA MAS and SFC, IBOR Transitions, SMCR, and ESG Regulations such as SFDR.He combines experience in strategic regulatory topics including technology, processes and platform management incorporating risk and governance policies.
His recent key engagements include banks such as HSBC, Deutsche Bank, JP Morgan and Barclays and buy side firms such as T. Rowe Price, Ruffer, M&G and Investec Asset Management, to name a few. He is also a member and advisor of industry association committees for regulatory consultations with bodies such as ESMA, FCA, PRA/Bank of England and SEC.
