ΠΕΡΙΓΡΑΦΗ

Join KPMG’s Risk Consulting experts for a focused training on CRR III, the latest update to the EU’s Capital Requirements Regulation, effective 1 January 2025. This session will explain the key changes impacting European banks and large investment firms, including revised methodologies for calculating minimum capital requirements across Credit, Market, Operational, and CVA Risk.

You'll gain practical insights into:

• The evolution from CRR/CRR II to CRR III (EU amending Regulation 2024/1623)
• Impacts on Pillar 1 capital adequacy calculations
• Implementation challenges and practical examples

Ideal for risk, compliance, and finance professionals, this training will help you navigate the regulatory shift with clarity and confidence.

CPD

This seminar may contribute to Continuing Professional Development requirements. At the end of the seminar participants will be given a certificate of attendance confirming the total number of training hours (6 CPD).

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the seminar, participants will be able to:

1. Describe the main changes introduced by the Capital Requirements Regulation (CRR) III.
2. Name the key capital adequacy calculation areas affected most materially by the new rules.
3. Specify the new concepts and terminologies introduced by the CRR III framework.
4. Identify gaps in their organisation’s data and processes.
5. Implement the CRR III methodologies to their own capital adequacy calculations.
6. Explain the key drivers of the CRR III impact on their organization.
7. Justify the deviations in the CRR III results compared to the results obtained under the previous (CRR II) methodologies.
8. Compare the CRR III methodologies to the CRR/CRR II ones and explain the discrepancies. 

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is addressed to officers serving in a number of functions within banks, including Directors, General Managers, CEOs, CFOs, Heads of Risk Management Functions, Credit Risk Officers, Market and Liquidity Risk Officers, Operational Risk Officers, Accounting and Finance Control Officers, Heads of Compliance Functions and Compliance Officers, Heads of Internal Audit Functions and Internal Audit Officers and any other relevant professionals involved in Regulatory Reporting, Treasury/Proprietary Trading Functions and Information Systems Officers.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Agenda

1. Introduction (30 min)

• Objectives of the seminar
• Drivers and purpose of the revisions to the Basel III framework
• Summary of key changes introduced by the Capital Requirements Regulation (CRR) III / Capital Requirements Directive (CRD) VI rules
• Challenges in CRR III and CRD VI implementation

2. Credit Risk  (3 h & 30 min)

• Revisions to the Standardised Approach for Credit Risk
  • Deriving the Credit Risk exposure
  • CRR III amendments in the treatment of selected asset classes and exposures
  • Numerical Examples
• Credit Valuation Adjustment (CVA) Risk
• Credit Risk Mitigation 

3. Operational Risk  (30 min)

• New Standardised Approach for Operational Risk
• Numerical Example

4. Market Risk: Fundamental Review of the Trading Book (FRTB)  (45 min)

• FRTB purpose and main provisions
• Main industry concerns and adoption status 

5. Output Floor (15 min)

• Meaning and purpose
• Transitional provisions 

6. Other Topics (30 min)

• Large Exposures
• Leverage Ratio
• Disclosures 

Services

Our services include:

• Handouts, including the hard copy presentation, examples, case studies, exercises, and additional notes, if applicable.
• Stationery, such as pads, pens, and files.
• Drinks (coffee, tea, etc.) and a buffet lunch.
• A fully equipped training room.
• Certificate of completion.

Trainers

Marios Lazarou
Board Member, Head of Advisory, KPMG in Cyprus

Marios is heading the Advisory Department of KPMG in Cyprus. He has more than 24 years of advisory experience in the Financial Services sector. In the last years, he has been involved in multiple advisory engagements in the areas of banking risk and regulation with emphasis on capital adequacy, credit risk processes and procedures and risk quantification and stress testing. He was the Cyprus Champion on the KPMG AQR Forum at the EU level.

In the recent years, he has contributed to certain high-profile projects in the Cyprus financial services industry as a regulatory and banking expert, either by leading the projects or by supporting KPMG’s teams from the UK and Netherlands. He has, also, led several projects for the implementation and design of ICAAP frameworks, for more than 10banks in Cyprus and in Europe.

Furthermore, he has delivered numerous Risk-related trainings whilst during the last three years, he has been training the board of directors of almost all banks in Cyprus on regulatory, risk management and other banking topics. 

In 2015, he was certified by the HRDA as a “Trainer of Vocational Training”.

Artemis Hadjivarnava
Principal, Capital Adequacy Lead, Risk Consulting, KPMG in Cyprus

Artemis is a Principal in the Risk Consulting department of KPMG in Cyprus, with more than 15 years of experience in the financial services advisory field. She is heading the Capital Adequacy consulting team and has extensive experience in the implementation of various assurance and advisory engagements in relation to Capital Adequacy (Basel III & IV, CRR/CRD, IFR/IFD) Calculations and Impact Studies, Capital Adequacy seminars, Consolidated Supervision, ICAAPs, Pillar 3 Disclosures, Operational Risk Management Frameworks, Client Assets, Internal Controls and overall Regulatory Compliance in banks and investment firms.

Artemis has participated in numerous Basel II & III (Pillar 1) projects with several banks and investment firms in Cyprus and is currently assisting such organisations to quantify and understand the impact of the CRR III rules (for banks and investment firms) and the IFR/IFD prudential rules (for investment firms) on their capital requirements and their overall regulatory obligations. Furthermore, she has participated in the implementation of a Basel III Pillar 1 calculations engine in two of the largest local banking institutions, performed Capital Efficiency exercises and delivered educational, hands-on seminars on Capital Adequacy regulatory provisions to banks and investment firms.

In 2015, she was certified by the HRDA as a “Trainer of Vocational Training”.

Olivia Pittalis
Manager, Capital Adequacy, Risk Consulting, KPMG in Cyprus

Olivia has been a Manager in the Risk Consulting department of KPMG in Cyprus for the past three  years, with a prior experience of 13 years within the Risk Department of the Banking industry.

She is a member of the Capital Adequacy consulting team and has gained extensive experience in the implementation of various assurance and advisory engagements for banks and investment firms, relating to Capital Adequacy Calculations and Impact Studies (CRR/CRD, IFR/IFD), ICAAPs, Pillar 3 Disclosures, and overall Regulatory Compliance.

Olivia has participated in numerous Basel III (Pillar 1) projects with several investment firms in Cyprus, and recently undertook a number of CRR III (Basel IV) Gap Analyses and Impact Studies with local banks, as well as advisory projects supporting banks in bridging gaps and achieving a CRR III implementation readiness. Olivia has also been assisting in the delivery of seminars on Basel IV aimed at helpinginstitutions better understand the provisions of this prudential framework, while she has also been extensively involved in the drafting and  review of Pillar 3 disclosures of institutions, ensuring they are in line with the prudential framework and related guidance.