ΠΕΡΙΓΡΑΦΗ

The ICARA process is a continuing risk management process within the firm, although a formal ICARA review will usually only be required annually or immediately following a material change in the firm’s business or operating model.

The aim of the Internal Capital Adequacy Assessment and Risk-Assessment Process (ICARA) is to enhance the link between an institution’s risk profile, its risk management and risk mitigation systems, and its future capital planning. The Programme will introduce the regulatory expectations with regards to risk profiling and measurement and provide in-depth explanations of what must be included within an investment firm’s ICARA process against the backdrop of the new IFR/IFD regime and the Law 165.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The aim of the new ICARA is to ensure that CIFs maintain an adequate level of capital and liquidity both against the basic regulatory requirements under IFR as well as additional add-ons tailored to the firm’s activities and the harms posed as well as its expenses to wind-down. Following this assessment, Investment Firms are expected to establish sound, effective and complete strategies and processes to assess and maintain, on an ongoing basis, the amounts, types and distribution of internal capital commensurate to their risk profiles, as well as robust governance and internal control arrangements, and (ii) supervisory review and evaluation process (SREP) performed by the competent authorities.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This course is designed for professionals within the financial services sector and will be particularly beneficial for:

• Risk Managers
• Compliance Officers
• Internal Auditors
• CFOs
• Directors
• Other risk takers of Investment Firms

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Programme Objectives

The aim of this seminar is to:

• provide participants with an overview of the new ICARA process expectations  for Investment Firms
• present the main principals of the ICARA process and its implementation within the IFR regime
• describe the applicable methodologies with respect to the preparation of the report (risk management assessment, capital and liquidity stress testing, wind-down planning capital adequacy calculations and future capital planning and management actions)
• outline the content of the ICARA report
• explain the additional requirements introduced by the new prudential regulatory framework
• provide an overview on how regulators evaluate the ICARA implemented in an Institution

Programme Outline

• Internal Capital Adequacy and Risk Assessment (ICARA) Process
• Scope of ICARA
• Principles of implementation within investment firm’s daily operations
• Roles and Responsibilities of investment firm’s functions (risk takers)
• Basic Capital Requirements and Risks (Capital Requirements calculation and methodologies)
• Additional Capital Requirements and Risks (Capital Requirements calculation and methodologies)
• Wind-down Planning
• Additional harms from ongoing activities
• Capital Adequacy Stress Tests (Scenario Analysis, Sensitivity Analysis, Reverse Stress-Tests)
• Liquidity adequacy assessment and stress testing
• Management Actions and Contingency Plans
• Governance requirements and Internal Controls under IFR

CPD Recognition 

This programme may be approved for up to 5 CPD units in Financial Regulation and Risk. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.