08:45 – 09:00

 Registration

09:00 – 11:00

• Capital Requirements under the IFR
• Permanent Initial Capital Requirement
• Fixed Overheads Requirement
• K-factors Requirement

11:00 – 11:15

Break

11:15 – 13:15

• Capital Requirements under the IFR (continued)
  • K-factors Requirement (continued)
• Concentration Risk Requirements
• Liquidity Requirements

13:15 – 13:30

Break

• ICARA: Preparation and Implementation
  • Key Principles of the Internal Capital Adequacy and Risk Assessment Process (“ICARA”)
  • ICAAP vs ICARA
  • Overview of ICARA process (including capital adequacy (“ICAAP”) and liquidity risks (“ILAAP”) assessment)
  • Governance & ICARA Oversight
  • Key components of the ICARA report
  • Risk Identification and Mitigation
  • Forecasting and Stress testing
    • Determining that Additional Own Funds Requirement (stress testing on k-factors and other risks)
    • Determining the Additional Liquidity Requirement (liquidity stress testing)
• Regulatory Updates on CySEC Reporting and/or IFR Regulation
• Q&A