Evolution of the Capital Requirements CRR II & CRR III

A KPMG director in our Risk Consulting Department and her team will provide an overview of the main changes in the provisions of the European Capital Requirements Regulation (EU Regulation 575/2013 or “CRR”), as these arise from the CRR II which has been applied largely since June 2021, as well as from the proposed CRR III text, both of which reflect the EU’s response to the Basel IV amendments proposed by the BCBS and explain how the Pillar 1, capital adequacy calculations of banks should be amended to comply with the revised framework.

By the end of the training, participants will:

• Familiarize themselves with the main changes in the CRR
• Be in a position to apply the aforementioned changes to their own capital adequacy calculations and understand the impact on their organization
• Identify ways to better resolve any related issues they may face.

Officers serving in a number of functions within banks, including Directors, General Managers, CEOs, CFOs, Heads of Risk Management Functions, Credit Risk Officers, Market and Liquidity Risk Officers, Operational Risk Officers, Accounting and Finance Control Officers, Heads of Compliance Functions and Compliance Officers, Heads of Internal Audit Functions and Internal Audit Officers, officers involved in Regulatory Reporting, officers involved in Treasury/Proprietary Trading Functions and Information Systems Officers.

*The number of participants is restricted to 28.

Join the webinar (8:30 a.m. - 9:00 a.m.) *

Sessions (9:00 a.m. – 12:15 p.m. including a 15-min break between sessions)

1. Introduction (30 min)

• Objectives of the seminar
• Key learning outcomes
• Drivers and purpose of the revisions to the Basel III framework
• Summary of key changes in the Basel III framework

2. Credit Risk (3 hrs & 30 min)

• Revisions to the Standardised Approach for Credit Risk

                - Use of external ratings

                - Selected asset classes and exposures

• New Standardised Approach for Counterparty Credit Risk
• Credit Valuation Adjustment (CVA) Risk
• Credit Risk Mitigation

3. Market Risk: Fundamental Review of the Trading Book (FRTB) (45 min)

• FRTB purpose and main provisions
• Main industry concerns

4. Operational Risk (30 min)

• New Standardised Approach for Operational Risk

5. Output Floor (15 min)

• Meaning and purpose
• Transitional provisions

6. Other Topics (30 min)

• Large Exposures
• Leverage Ratio
• Disclosures

*Note: Please join the meeting 30 minutes prior to the webinar’s start time (join at 8:30 a.m.), in order to make sure that you do not face any connection or other technical issues.

If you wish to register for the webinar, please complete the registration form.

Once your registration is submitted, you will receive an email stating the participation fee, including any discounts, if applicable. Kindly note that the payment should be settled at least two days prior to the webinar’s date for your registration to be confirmed.

The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy. Please note that there are limited seats available, therefore enrol in this webinar as soon as possible.

If you do not receive our confirmation e-mail regarding your registration, your participation cannot be guaranteed.

Cost

€264 + VAT. Net investment after subsidy from the HRDA of €102: €212,16 (including VAT) for all eligible participants*

*Last Date for 10% Early Bird Discount: 31/05/2022

Discounts available

• For more than two (3+) participants from the same company a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enrol in the same webinar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
• For individuals/legal entities who/which register in more than two (3+) webinars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enrol in more than two (3+) webinars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
• There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable. For more information on our alumni scheme, click here.
• There is a 10% early bird discount on selected webinars for participants who enrol in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.
• HRDA subsidy for all HRDA approved webinars. 

For any queries, please contact Irini Avraam on +357 22 207 460 or at academy@kpmg.com.cy.

CPD: This webinar may contribute to Continuing Professional Development requirements. Shortly after the webinar’s date, participants will receive electronically a certificate of attendance confirming the total number of training hours (6 CPD).

Lazarou Marios
Board Member, Risk Consulting, KPMG in Cyprus

Marios is heading the Risk Consulting Department at KPMG in Cyprus. He has more than 15 years of risk and audit experience in the financial services sector. During the last 11 years, he has been involved in multiple advisory engagements in the areas of banking risk and regulation with emphasis on capital adequacy, credit risk processes and procedures, risk quantification and stress testing. He was the Cyprus Champion on the KPMG AQR Forum at the EU level.

In recent years he has contributed to certain high-profile projects in the Cyprus financial services industry as a regulatory and banking expert, either by leading the projects or by supporting KPMG’s teams from the UK and Netherlands.

Marios has also led several projects for the implementation and design of ICAAP frameworks, for more than 10 banks in Cyprus and in Europe.

He delivered numerous Risk related trainings whilst during the last 3 years, he trained the Board of Directors of almost all banks in Cyprus on regulatory, risk management and other banking topics. 

In 2015, he was certified by the HRDA as a “Trainer of Vocational Training”.

Hadjivarnava Artemis
Principal, Capital Adequacy Lead, Risk Consulting, KPMG in Cyprus

Artemis is a Principal in the Risk Consulting department of KPMG in Cyprus, with more than 12 years of experience in the financial services advisory field. She is heading the Capital Adequacy consulting team and has extensive experience in the implementation of various assurance and advisory engagements in relation to Capital Adequacy (Basel III and IV, IFR) calculations and Impact Studies, capital adequacy seminars, Consolidated Supervision, ICAAPs, Pillar 3 Disclosures, Operational Risk Management Frameworks, Client Assets, Internal Controls and overall regulatory compliance, in banks and investment firms.

Artemis has participated in numerous Basel II and III (Pillar 1) projects with several banks and investment firms in Cyprus and is currently assisting such organisations to quantify and understand the impact of the amended CRR rules (for banks) and the new IFR/IFD prudential rules (for investment firms) on their capital requirements and their overall regulatory obligations. Furthermore, she has participated in the implementation of a Basel III Pillar 1 calculations engine in two of the largest local banking institutions, performed Capital Efficiency exercises and delivered educational, hands-on seminars on Capital Adequacy regulatory provisions to banks and investment firms.

In 2015, she was certified by the HRDA as a “Trainer of Vocational Training”.

Iacovidou Elena
Manager, Risk Consulting, KPMG in Cyprus

Elena is a Manager in the Risk Consulting Department of KPMG in Cyprus. She   holds a Bachelor’ s degree in  Mathematics from the University of Bath and a Master’ s degree  in Financial Risk Management from the Henley Business School of the University of Reading.

Elena has extensive experience in the fieldsof CRR/CRD IV and knowledge of the CRR II/CRD V, IFR/IFD packages as well as MiFID I/II, PRIIPs and other regulatory compliance frameworks. She is involved in the execution of multiple advisory projects with experience spanning across the investment and banking sectors.

She has participated in a number of Basel III and CRR/CRDIV projects for financial institutions in Cyprus, assisting them in the quantification of risks and the calculation of minimum capital requirements. She has been involved in the implementation of CRR calculation engines in the banking sector, performed reviews and audits of Pillar 1 calculations and Pillar 3 disclosures for various investment firms in Cyprus.

Elena has been delivering seminars to financial entities on topics such as capital adequacy (Basel and CRR packages), MiFID II, PRIIPs and more.