Training Objectives

This Certificate course will examine specific areas through three key modules:

• Corporate Governance for Financial Institutions
• The Role of Compliance in Financial Services
• Financial Sector Regulation

Additionally, relevant case studies will be offered while emphasis will be placed on recent trends and developments

Through these modules, participants of this Certificate programme will:

• Understand the core concepts, theories, challenges and benefits of good corporate governance
• Attain a clear picture of why regulation is required and the relevant regulatory framework for financial services
• Examine the responsibilities and obligations for compliance, compliance risk assessment processes and managing cross-border compliance
• Appreciate the major implications deriving from a complicated supervisory system initiating from the international decisions and ending with the local implementation by firms and professionals
• Examine the combined implementation of major regulatory requirements currently in place both locally and on a European Level
• Review recent trends and new challenges for the financial services industry

Training Outline

Corporate Governance for Financial Institutions

• Overview of Corporate Governance
• The roles and responsibilities of company Board and Directors
• How to appoint a Board of Directors

• Corporate Governance Requirements for Board Committees
• Structure and role of Board Committees
• How to achieve effective Board meetings

• The importance of Risk and Compliance oversight
• Internal Control Framework

• Separation of Ownership and Control – Conflicts of interest
• New trends and challenges in Corporate Governance – ESG and Sustainability

The Role of Compliance in Financial Services

• Defining Compliance
• Duties and Responsibilities of the Compliance Function
• The Independence of the Compliance Function
• Key Compliance challenges
• Compliance Risk
• Compliance Monitoring Programme
• Compliance and Training
• A practical approach to the challenges faced by Compliance Officers

Financial Sector Regulation

• Why is Regulation essential
• What are the objectives of regulation
• Key regulatory tools
• Major International, European and Cypriot regulatory and standard-setting authorities
• Key areas of International Financial Regulation
• Major regulatory initiatives and legal developments

Who Should Attend

The Certificate in Governance, Financial Regulation and Compliance is ideal for:

• Executive Directors
• Non-Executive Directors
• Heads and Senior Staff of Risk and Compliance
• Compliance professionals and advisers
• MLRO
• Heads of control functions
• Senior managers
• Company secretaries
• Internal Legal Counsel

Training Style 

The Certificate is designed to deliver knowledge and enhance participants’ skills via short lectures, interactive case studies and practical examples.

The use of real-life material will help participants to think critically about scenarios that will be relevant to their respective roles and organisations.

Knowledge Test

At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.

CPD Recognition

This programme may be approved for up to 28 CPD units in Financial Regulation.  Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.