PIMFA
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The FCA still believe that firms subject to IFPR, can and must improve the implementation of the internal capital adequacy and risk assessment (ICARA) process and reporting requirements under IFPR. Identifying good practices in many firms, the FCA still found ‘significant failings’ in applying capital models for operational risk.
In this FREE 60-minute webinar, Thistle Initiative’s experts unpack the FCA latest expectations, highlighting where and how PIMFA member firms must revisit their IFPR implementation and ICARA reporting to ensure the adequacy and operating effectiveness of your ICARA process follows good industry practice
By attending this webinar, you will learn how to:
- Identify areas of improvements in your most recent ICARA document and wind-down plan.
- Recognise instances of poor regulatory data submissions.
- Build additional rigour around your approach to identifying, assessing, and mitigating harms.
- Correctly forecast liquid asset threshold requirements.
- Building in FCA Supervisory Review and Evaluation Process (SREP) resilience into the ICARA.
More about Alex Paschalis
Alex joined Thistle Initiatives in 2015 after two decades of working with complex financial products. Alex’s diverse experience in financial services includes roles across front office trading and dealing, management, and consultancy, offering valuable insights into FCA compliance and regulations.
As a former proprietary trader, Alex handled various financial instruments, transitioning from open out-cry to various trading platforms. Additionally, Alex served as a Compliance Business Analyst, supporting multi-asset trading teams. Alex’s expertise extends to FCA compliance auditing, oversight, and advisory services on enforcement actions and MIFID audits. Alex holds a CISI diploma in investment compliance and a CFA certificate in investment management.
More about Karisma Galayia
Karishma is a Senior Manager in the Investments team, having recently been the interim Head of Compliance at a platform and asset management company. She is a highly experienced financial services regulatory consultant, having spent over a decade at a big 4 firm during her early career, advising a broad range of investment firms on regulatory requirements and compliance issues. She is an SME for compliance and sustainability finance in the asset management sector and is currently a fellow of the CISI and holds a CFA Certificate in ESG Investing and the CBI’s Climate Risk Certificate.
