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EIMF in association with MAP Risk Management Services, a risk management services provider are excited to launch a series of seminars around the upcoming prudential regulation IFR/IFD.
On 16 April, the European Parliament adopted in Plenary a Regulation on the prudential requirements for investment firms (IFR) and a Directive on the prudential supervision of investment firms (IFD). While small and “non-interconnected” firms in particular will benefit from less requirements, the legislation for “systemically relevant” investment firms means no less than equal treatment with credit institutions in the sense of a level playing field – accordingly, they will fall entirely under the previous regulatory framework (i.e. Capital Requirements Regulation 575/2013 (“CRR”). As a result, all other investment firms will no longer be subject to the CRD/CRR framework, which is primarily intended for banks.
The seminar covers the new capital requirements focusing on the new prudential framework for investment firms which will be effected on 26th June 2021.
The scope of this seminar is to provide an overview of the regulatory requirements under the new prudential framework (IFR/IFD), explain the significant changes in the calculation of the capital requirements and other regulatory obligations and summarise the impact on Cypriot Investment Firms’ risk profile by the new regulatory changes.
New Classification System, Initial Capital Requirements and Own Funds Composition
New prudential requirements
Industry Expert | Panayiotis Antoniou
Panayiotis is a professional with 18 years-experience in the Banking and Insurance Sectors. He is currently the CEO of a Risk Management Services Company of a large Advisory Group which specialises in advising matters regarding Risk and Compliance. Panayiotis is a holder of CySEC’s AML and Advanced Certificates, a Certified Anti-Money Laundering Specialist (CAMS), a Chartered FCSI at the Chartered Institute of Securities and Investments (CISI), a member of the Project Management Institute (PMI), a member of the Institute of Risk Management (IRM), a member of the Association of Certified Chartered Accountants (ACCA) and member of the Association of Certified Fraud Examiners (ACFE). He is also a HRDA accredited trainer. Moreover, he is awarded with the ISO31000 Lead Risk Manager certification, which is the standard for best practices for managing risks in a structured risk framework. He is also an accredited trainer by PECB body awarding ISO certificates. Panayiotis 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 as a Fulbright Scholar, a Master’s in Business Administration (MBA) and a Master’s in Public Sector Management (MPSM).
Industry Expert | Panagiotis Vassiliades
Panagiotis Vassiliades is a Financial Risk Consultant at MAP Risk Management Services Company since 2017. He is a holder of CySEC’s Advanced Certificate and an Associate Member (ACSI) of Chartered Institute for Securities & Investments. Panagiotis graduated with honours from Cyprus University of Technology with a BSc degree in Commerce, Finance and Shipping. He is also a holder of MSc in Finance (International Banking and Finance) from Durham University (Best Academic Performance award).
Industry Expert | Julie Andreou
Julie Andreou is an Associate Consultant at MAP Risk Management Services Company since 2018. Julie graduated with honours from University of Leicester with a BSc in Mathematics and Actuarial Science and an MSc in Financial Risk Management. She also holds an Advanced Certification from CySEC.
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
€220.00The above fee is subject to 19% VAT
19 in stock
Day 1: December 17, 2021 | 13:00-18:15
Start time: 13:00 EEST
End time: 18:15 EEST
Venue: Live Online
Coordinates: 5 | Duration: 5hrs
Directions: Panayiotis Antoniou, Panagiotis Vassiliades, Julie Andreou (view the trainer's bio below)