Two years after the IFPR implementation in December 2022, the FCA expects that firms in scope have implemented all the requirements and are able to demonstrate correct understanding of risks and consequently, calculate the ICARA capital requirements.
Yet, the FCA still finds that some firms are misinterpreting the ICARA approach and haven’t developed sufficient liquidity stress testing processes, or submitted incomplete or inconsistent data in their returns, amongst other things.
Join IFPR & ICARA virtual training on 29 Nov 2024, conducted by senior market expert to learn how you can improve your compliance and processes to proof financial resilience. During the 1 day practical session you will learn about:
- The regulatory background
- The three pillars of IFPR – Prudential, Governance and Remuneration
- Capital Requirements – Own Funds and K Factors
- Risk Management – ICARA, Liquidity and Concentration
- ICAAP vs ICARA, and broader CRR Requirements
- K Factors and calculation methodology differences
- Remuneration Requirements
- Governance
- Implications for EU and Global Investment Firms
- Timelines and Implementation
- Other Considerations including regulatory reporting, impact of Brexit, and ESG requirements
To learn more go to: https://eurekafinancial.com/courses/ifr-ifd-eu-investment-firms-regulation-and-icara/ or contact us on enquiry@eurekafinancial.com.