While taking and upon completion of this course, students will:

• Comprehend the shift from the previous prudential regime to the new Investment Firms Regulation and Directive (IFR/IFD) and the rationale behind the introduction of the ICARA process.
• Gain a comprehensive understanding of the methodologies and requirements of the ICARA process, including its scope, key components of documentation, and levels of application.
• Analyze the implications of the ICARA process for investment firms operating within the European Union, including its impact on capital and liquidity adequacy assessment, risk management, and governance arrangements.
• Compare and contrast the ICAAP and ICARA processes, identifying the key differences and the reasons behind the transition.
• Apply the K Factors approach to determine capital requirements, focusing on Risk-to-Client (RtC), Risk-to-Market (RtM), and Risk-to-Firm (RtF), and understand how it tailors regulatory requirements to the specific operations of investment firms.
• Evaluate the role of internal control frameworks and governance arrangements in the ICARA process, understanding their importance in ensuring compliance and effective risk management.
• Demonstrate the ability to practically implement basic and additional capital and liquidity requirements calculation methodologies within the ICARA process. Design stress tests for incorporation within the ICARA process and understand the steps taken by regulators during the Supervisory Review and Evaluation Process (SREP).
• Analyze the importance of proactive dialogue between investment firms and regulatory authorities facilitated by the ICARA process, identifying its role in identifying and managing inadequacies or weaknesses in internal control frameworks.
• Strengthen their risk management practices by effectively implementing the principles and methodologies of the ICARA process, ensuring compliance with prudential regulatory requirements.

Training Duration

This course may take up to 5 hours to be completed. However, actual study time differs as each learner uses their own training pace.

Training Method

The course is offered fully online using a self-paced approach. The learning units consist of video recordings, reading material, and quizzes. Learners may start, stop and resume their training at any time.

At the end of the training, participants earn a Certificate of Attendance.

Participants

This course is ideal for anyone wishing to enhance their understanding of the Internal Capital Adequacy Review Assessment (ICARA) process for Investment Firms. It is also suitable to professionals pursuing regulatory CPD in Financial Regulation.

Registration and Access

To register to this course, click on the ”Add To Cart” button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 180 days.

If you wish to receive an invoice instead of paying online, please Contact us here. Talk to us for our special Corporate Group rates.