Category: Regulatory Reporting

IFPR Implementation and Preparing for the FCA’s ICARA Reviews

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 […]