The Bank Recovery and Resolution Directive (BRRD) establishes a common approach within the European Union (EU) to the recovery and resolution of banks and investment firms. The BRRD represents an important step forward in ensuring that the EU effectively addresses the risks posed by the banking system. The BRRD requires that competent authorities have the ability to intervene in a firm that is at risk of failing, in order to attempt to reverse the decline and avoid failure. BRRD requires Member States to ensure that their competent authorities have the power to require the removal and replacement of the board of directors and the senior management of an institution. This power may only be used where there is a significant deterioration in the financial situation of an institution, or where there are serious infringements of law, of regulations, or of the statutes of the institution, or serious administrative irregularities.
Who should attend:
Participants will receive a certificate for successful participation indicating all topics covered
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Trainer: 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 a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework, a full member of the Chartered Institute for Securities & Investment (MCSI) specialising in Compliance & Risk and an approved trainer by the HRDA. He is currently the Head of Capital Adequacy Department of a large Advisory Group specializing in consulting regarding Regulatory and Risk related issues specializing in Basel III (CRDIV) matters (Pillar 1,2,3) and financial reporting of Investment Firms.