The Implementation of CRD IV in Cyprus and all other EU countries with effect from 1 January 2014 has made substantial changes both to prudential and reporting requirements.
All banks and investment firms are subject to the requirements of CRDIV. There are significant differences in application depending on the nature, size and complexity of financial institutions. EIMF is targeting this workshop at CySEC regulated financial institutions.
Attendance will be limited to enable discussion on the more complex areas of the regulation.
This course has been designed to provide with the knowledge and skills needed to understand and assess:
• The new CRDIV principles for risk management and corporate governance
• Regulatory capital and requirements, large exposures limits
• The new quality of capital, risk weighted assets, the capital ratio and the upcoming buffers
• Pillar 1 – Regulatory Reporting – Depth Analysis
• Pillar 2 (ICAAP) overview – Basic Principles – Stress Testing – Scenario Analysis
• Pillar 3 (Market Discipline and Disclosures) – Basic Principles – Disclosures Requirements.
After attending this course, the participants will be able to:
• Understand the applicable CRDIV rules
• Understand the changes in computation and assessment of capital adequacy
• Understand and assess Pillar 1, Pillar 2 and Pillar 3 Reports
Challenges and Opportunities
CRD IV and its enhancements aim at improving stability in the financial sector by better quality of capital and buffers.
CRD IV also strengthens the corporate governance requirements and processes and introduces new rules aiming at the increased effectiveness of risk oversight by the Boards. All the above, improve the status of the risk management function and ensure the effective monitoring by supervisors of risk governance. The measures adopted help avoid excessive risk-taking by the institutions and ultimately the accumulation of excessive risk in the financial system.
CRD IV has also increased transparency requirements concerning the activities of institutions which operate on a multinational basis. Regulated firms are required to disclose annually information on a consolidated basis for the financial year.
Based on the above and the type and services of each firm, a number of reports are required to be submitted to regulators on a frequent basis. Investment Firms have to comply with all their obligations, irrespective whether reporting or not, monitor their capital adequacy levels on a continuous basis and assess the impact of any business decision proactively to avoid any negative consequences on these capital levels.
DATES: 20, 21 November
DURATION: 14 Hours
CPD UNITS: 14
TIME: 09:00 – 14:30
FEES: HRDA eligible €282, non-HRDA eligible €520 (both + €98.80VAT)
You can register for this course by filling in the above form and sending it to the EIMF at firstname.lastname@example.org or via fax at 2227 4475. For help completing the form please call 2227 4470
Who should attend:
This course is intended for Risk Managers, Compliance Officers, Internal Auditors, CFOs and other risk takers of Investment Firms.
If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at email@example.com.
Mr Panayiotis Antoniou
Mr. Antoniou is a professional with 18 years-experience in the Banking and Insurance Sectors. He holds a Bachelor degree in Computer Science from State University of New York, USA, a Master’s degree in Information Systems from Virginia Tech, USA, a Master’s in Business Administration and a Master’s in Public Sector Management. He is also a member of the Project Management Institute and a partially-qualified member of the Association of Certified Chartered Accountants (ACCA). He is also a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework. He is currently the Head of Capital Adequacy Department of a major consulting Group specializing in advising matters regarding Basel III matters (Pillar 1,2,3) and financial reporting of Investment Firms.