ΠΕΡΙΓΡΑΦΗ

The regulatory landscape is evolving rapidly, introducing new compliance obligations and requirements that significantly impact financial services entities and, in certain areas, other organisations as well. Failure to keep pace with these developments may result in regulatory penalties, operational disruptions, and reputational damage, while implementing new requirements often necessitates substantial changes to business processes and day-to-day operations. 

Join our training programme and gain a practical understanding of the latest regulatory developments that are shaping the financial services sector and the wider business environment.

• Stay informed about key developments in anti-money laundering and counter-terrorist financing (AML/CFT) requirements. 
• Understand the implications of the Digital Operational Resilience Act (DORA) and Information and Communications Technology (ICT) risk management obligations. 
• Explore recent changes to the Capital Requirements prudential framework, the Digital Euro initiative, and the EU AI Act. 
• Assess how new regulatory requirements may affect your organisation’s operations, governance, and compliance responsibilities. 
• Prepare proactively for upcoming regulatory changes and strengthen your organisation’s compliance and resilience framework. 

Register today to stay ahead of regulatory developments, minimise compliance risks, and equip your organisation for a rapidly changing regulatory environment.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

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

• Identify the key developments in the regulatory obligations of financial institutions. 
• Build a clear understanding of AML/CFT regulatory developments and AMLA-driven expectations impacting obliged entities.
• Recognise how different DORA chapters interconnect in a Business As Usual (BAU) operating model.
• Describe the main changes introduced by the Capital Requirements Regulation (CRR) III and Capital Requirements Directive (CRD) VI. 
• Distinguish digital euro with traditional banking practices. 
• Strengthen the ability to navigate across newly issued regulatory text and understanding of the new supervisory reality.
• Distinguish between documentation prepared for readiness and evidence required for supervision.
• Explain the key drivers of the CRR III & CRDVI impact on their organisation. 
• Define the underpinning rationale of the EU AI Act. 
• Promote a proactive, compliance-aware mindset and a strong, sustainable AML compliance culture.
• Encourage collaboration across risk, IT, compliance and management functions.
• Urge management to adopt AI tools and an AI mindset. 
• Consider the areas that need enhancements in light of the regulatory developments discussed in the training.
• Collaborate with the right experts to apply changes introduced by the said regulatory changes.
• Approach challenges with resilience and a proactive problem-solving mindset.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is addressed to officers serving in a number of functions within entities that include but are not limited to banks, investment firms, payment service institutions, e-money institutions, Crypto-Asset Service Providers (CASP entities) and Administrative Service Providers (ASPs), including Directors, General Managers, CEOs, CFOs, Heads of Risk Management, Compliance, AML, Internal Audit and Information Security Functions, and any other relevant professionals involved in Regulatory Reporting, Information Systems and operations. 

All participants should be currently employed.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

1. Introduction (1h)

• Purpose of this training.
• Overview of key regulatory developments.
• Digital euro.
• EU AI Act.
• DORA.
• AML/CFT.
• CRR/CRD.
• Other topics.
• Implementation challenges for entities.

2. DORA Day 2: Operationalising Digital Resilience as Business as Usual (2h)

• DORA Day 2 Overview.
• Key insights into on-site inspections.
• ICT Incident Management: Consistency between framework and practice.
• Third-party risk management: Managing compliance and oversight.

3. AML/CFT Framework (2h)

• Upcoming Regulatory Text.
  • EU AML Package and other regulatory changes expected.
  • Relevant due dates.
  • Regulatory Technical Standards.
  • Implementing Technical Standards.
• The new EU AML regime.
  • AMLA Setup Timeline.
  • AMLA Functions & Structure.
  • AMLA keys features and tasks.
  • AML- Regulation harmonizes AML rules throughout the EU.
• Anticipated AMLA focus areas and recommended early actions.

4. Evolution of prudential requirements (1h)

• 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 Capital Requirements Regulation (CRR) III implementation.

Trainers

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

Marios heads  the Advisory Department of KPMG in Cyprus. He has more than 25 years of advisory experience in the Financial Services sector. In recent 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 for the KPMG AQR Forum at the EU level. 

Since 2023 Marios and his team have been supporting the majority of local banks with their transition towards the CRR III / Basel IV framework, through gap analyses and quantitative impact assessments, as well as by supporting them with  their implementation efforts. 

In  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 the Netherlands. He has also led several projects for the implementation and design of ICAAP frameworks, for more than 10 banks in Cyprus and in Europe.

Furthermore, he has delivered numerous Risk-related training sessions,  and he has also trained 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”.

Eleni Poyiadji
Principal, Financial Risk Management, KPMG in Cyprus

Eleni is a Principal at the Financial Risk Management Department of KPMG in Cyprus. She has extensive experience in the areas of governance and regulatory compliance as well as in the review and assessment of internal controls. Her area of expertise is the financial services sector, with focus on compliance matters such as MiFID and AML.

Eleni works closely with several clients and assists them in regulatory compliance matters. Among others, she performs gap analysis and assists clients with the implementation of MIFD II. Furthermore, she performs AML reviews, provides advice to clients for compliance with relevant matters, while designing their AML Risk Based Approach. She has also been involved in the provision of Internal Audit services.

Eleni cooperates with regulators and a number of regulated entities in the financial services sector and provides advisory services to entities on governance issues, policies and procedures. She has also delivered many trainings to different clients in her areas of expertise.

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 17 years of experience in the financial services advisory field. She heads the Capital Adequacy consulting team and has extensive experience in the implementation of various assurance and advisory engagements in banks, investment firms and payment / e-money institutions, in relation to Capital Adequacy Calculations and Impact Studies (CRR/CRD, IFR/IFD), Capital Adequacy seminars, Consolidated Supervision, ICAAPs, Pillar 3 Disclosures, Operational Risk Management Frameworks, Client Assets, Internal Controls and overall Regulatory Compliance. 

Artemis has participated in numerous Basel II & III (Pillar 1) projects with several banks and investment firms in Cyprus, and more recently in a number of CRR III (Basel IV) Gap Analyses and Impact Studies with local banks, as well as advisory projects for supporting banks in bridging gaps and achieving a CRR III implementation state. Artemis has also been delivering hands-on seminars on Basel I, II, III & IV with the aim of helping institutions 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. 

She has also performed audits of Pillar 1 calculations, participated in the implementation of a Basel III Pillar 1 calculations engine in two of the largest local banking institutions, performed numerous capital efficiency analyses, risk-weighted assets optimization exercises and capital impact studies, and delivered educational, hands-on seminars on capital adequacy regulatory provisions to banks, investment firms and to their supervisory authorities over the years. 

Moreover, Artemis has participated in the development of Operational Risk software systems for banks, has delivered seminars on the proper measurement and management of Operational Risk and has carried out internal control reviews of banks’ Operational Risk departments. 

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

Chloe Karacosta
Senior Manager, Risk Consulting, KPMG in Cyprus

Chloe is a Senior Manager in the Risk Consulting department at KPMG in Cyprus. She’s a highly experienced Project Manager and Risk Management specialist, with 16 years of experience across multiple sectors, mainly in the financial services industry, gained from KPMG in consulting and professional services, as well as from internal roles within a London-based bank.

Her expertise predominantly revolves around leading complex financial planning, risk analysis, and business transformation initiatives, including regulatory compliance frameworks. She is certified in PRINCE2 Project Management.

Chloe has managed numerous projects for major banking institutions, acting as a sell side advisor in non-performing portfolio transactions assisting the institution with the preparation of step-by-step plans, facilitating the relationship between the institution and its key stakeholders. Chloe has led and conducted several internal control framework projects for Cyprus banks and insurance companies, performing walk-through testing of procedures and assessment of controls for the identification and documentation of weaknesses, according to Central Bank of Cyprus Corporate Governance Directive. She has also conducted training sessions for Board of Directors on risk management, risk appetite, and governance, utilising KPMG’s structured Enterprise Risk Management Framework.

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.), snacks and a buffet lunch.
• A fully equipped training room with WiFi access.
• Certificate of completion.