AN INTRODUCTION TO BLOCKCHAIN & DISTRIBUTED LEDGER

TECHNOLOGIES (DLTs)

Instructor: Dr. Theodosis Mourouzis

• A historical evolution of cash and payment systems
• Intro to Blockchain/DLT
• Blockchain Properties (transparency, immutability, security, non-repudiation, finality)
• Benefits and Challenges (scalability, security, interoperability)
• From Web 2.0 to Web 3.0
• Interaction of Blockchain with other emerging technologies (AI,ML, IoT)
• Use Cases: Payments, KYC/AML, securitisation, certificates authenticity, provenance/traceability, supply chain and others
•  Case Study and Workshop: Use Blockchain to solve real-world problems Margin Agreements covering Multiple Netting Sets

11:15 – 13:15

CRYPTO ASSETS: RISK MANAGEMENT  

Instructor: Dr. Marios Kyriacou

• EBA Report on Crypto-Assets
• EU Current landscape (Q1 2022): National Bespoke Regimes
• Markets in Crypto-Assets Regulation (MiCA) Proposal
• E-money tokens, asset-referenced tokens, and crypto-assets
• Requirements on crypto-asset issuers
• Stablecoins
• Crypto-asset services
• A word on DORA – the ‘Digital Operational Resilience Act’
• Coming Regulatory Developments on finalizing and implementing the Digital Finance Package (MICA & DORA)

CRYPTO ASSETS: RISK MANAGEMENT

Instructor: Dr. Marios Kyriacou

• CySEC circulars C417 and C462
• Risks created by positions in crypto assets
• Calculation of regulatory own fund requirements under Pillar
•  Direct investment in crypto assets on a non-speculative basis (banking book exposure)
•  Direct investment in crypto assets on a speculative basis (trading book exposure)
• Direct investment of CIF’s clients in crypto assets or financial instruments relating to crypto assets with the CIF acting as the counterparty to these transactions
• Internal Capital Adequacy Assessment Process (ICAAP) and Stress Testing under IFR/CRR Pillar II with some illustrations
• Pillar III disclosures
• Enhancement of risks management procedures associated with crypto assets