ΠΕΡΙΓΡΑΦΗ

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

• Recognise the key differences of the new prudential framework compared to the previous (CRR/CRD IV) framework
• Identify the changes that are expected to affect their organisation the most
• Explain the main changes of the new framework to other members of their organisation
• Apply the aforementioned changes to their own capital adequacy calculations
• Measure the impact of the anticipated changes on their own organisation
• Encourage the management and staff of their organisation towards the timely adaptation of their systems and processes, in order to achieve early adoption of the previously mentioned changes
• Support the key functions within their organisation to better cope with the changes.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Officers serving in a number of functions within regulated investment firms including directors, general managers, CEOs, CFOs, heads of risk management functions and risk officers, accounting and finance officers, heads of compliance functions and compliance officers, heads of internal audit functions and internal audit officers, officers involved in regulatory reporting, officers involved in proprietary trading functions and information systems officers.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Trainers

Hadjivarnava Artemis

Principal, Capital Adequacy Lead, Financial Risk Management, KPMG in Cyprus

Artemis is a Principal in the Financial Risk Management department of KPMG in Cyprus, with more than 12 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 (IFR, Basel III & IV) 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.

Furthermore, Artemis is supporting CySEC with the adjustment of the IFR CoRep templates. She has also had an active role in the development of guidelines for CySEC on consolidated supervision, in the transposition of the European Council’s CRD 2 and CRD 3 provisions into CySEC’s Directives DI144-2007-05 and DI144-2007-06 for the Capital Requirements of Investment Firms and for the Large Exposures of Cyprus Investment Firms, respectively. Additionally, Artemis provided guidelines for the proper handling and protection of client funds and financial instruments.

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

Iacovidou Elena

Manager, Financial Risk Management, KPMG in Cyprus

Elena is a Manager in the Financial Risk Management Department of KPMG in Cyprus. She is a holder of BSc Mathematics from the University of Bath and an MSc in Financial Risk Management from the Henley Business School of the University of Reading.

Elena has extensive experience in the areas of CRR/CRD IV and knowledge of the CRR II/CRD V, IFR/IFD packages as well as MiFID I/II, PRIIPs and other regulatory compliance frameworks. She is involved in the execution of multiple advisory projects with experience spanning across the investment and banking sectors.

She has participated in a number of Basel III and CRR/CRDIV projects for financial institutions in Cyprus, assisting them in the quantification of risks and the calculation of minimum capital requirements. She has been involved in the implementation of CRR calculation engines in the banking sector, performed reviews and audits of Pillar 1 calculations and Pillar 3 disclosures for various investment firms in Cyprus.

Elena has been delivering seminars to financial entities on topics such as capital adequacy (Basel and CRR packages), MiFID II, PRIIPs and more.

Agenda

• Introduction
• Capital Adequacy Ratio & own funds
• Minimum capital requirements
• Breaking down the K‐Factor requirement
• Concentration risk
• Liquidity requirement
• Important exemptions
• Disclosure, reporting and risk management arrangements

Important Note

Please note that since the daily numbers of COVID-19 cases in Cyprus are still considered high, KPMG Academy will keep offering its trainings online until further notice, to ensure the safety of its clients and personnel. In case of considerable decrease in COVID-19 cases in Cyprus and if the level of contamination through physical gatherings becomes relatively low, webinars will be converted to face-to-face seminars. If so, this training will be conducted on 7 December 2021 (from 8:30 to 16:45) instead of 6 & 7 December 2021 (from 9:00 to 13:00). Further information will be communicated to you in due course.