Operational Risk Incidents

International News Headlines on significant operational risk incidents that took place in large financial institutions (source: The Risk Universe monthly e-magazine, administered by RiskBusiness Solutions Limited, a UK associate firm of MNK RISK CONSULTING LTD)

“Derivatives Counterparty Credit Risk (New CCR Regulation in EU CRR)”

Details Webinar’s Overview: The updated CRR Regulation adopts in EU the central element of the Basel Committee’s response to the global financial crisis, which addresses shortcomings of the pre-crisis regulatory framework and provides a regulatory foundation for a resilient banking system that supports the real economy. The updated CCR Regulation sets up a comprehensive and […]

“The New Prudential Framework for Investment Firms: IFR & IFD”

Details Webinar’s Overview: To gain the relevant knowledge to maintain regulatory compliance with the new Investment Firms Regulation and Directive (IFR/IFD) that will be applicable for all Cyprus Investment Firms (CIFs) from June 26, 2021, onwards. Book Now When & Where June 11, 2021 (8:30 am) – June 11, 2021 (3:30 pm) LIVE on […]

“Banks and Investment Firms Recovery & Resolution Planning Requirements A Practical Insight”

Details Webinar’s Overview: To understand the key regulatory provisions of the Bank Recovery & Resolution Planning EU Directive and the corresponding national law. Learn how to prepare your own Recovery Plan, and what factors resolution authorities are considering when assessing bank Recovery Plans and determining Resolution Plans. Book Now When & Where June 4, […]

“The Alternative Investment Fund (AIF) Law of 2018: Updates, developments and Best Practices”

Details Webinar’s Overview: Further to the Alternative Investment Funds (AIF) Law of 2018, and the European Alternative Investment Funds Managers Directive of 2011, Cyprus became one of the most cost-effective and advantageous jurisdictions for the establishment of investment funds, offering great opportunities for fund managers to structure and grow their business in Europe and beyond. […]

“IFRS-9 in Practice: Risk Management Perspective”

Details Webinar’s Overview: IFRS 9 accounting standard “Financial Instruments” was developed by the International Accounting Standards Board. The standard incorporates the requirements of all three phases of the financial instruments projects, being: Classification and Measurement; Impairment; and Hedge Accounting. In EU IFRS 9 standard was adopted by Commission Regulation (EU) 2016/2067 of 22 November 2016. […]

Uploading Cyprus Investment Funds on the Bloomberg Terminal

Cyprus Investment Funds can now be uploaded onto the Bloomberg terminal. Access of Cyprus funds to the Bloomberg terminal will provide more visibility and transparency for International Investors regarding the Cypriot funds. Should Local or International Investors be interested in getting an exposure to certain securities, they will be able to screen for the Cyprus […]

Register of Ultimate Beneficial Owners

The Legal framework for the prevention and suppression of money laundering is strengthened by the creation of the Ultimate Beneficial Owners’ (UBOs) Register.On the 18th February 2021 the Cyprus Parliament voted in favour of the enactment of the Prevention and Suppression of Money Laundering Activities (Amending) Law of 2021 (the Amending AML Law of 2021). […]

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