Risk Consulting and Financial Services Advisory www.mnkriskconsulting.com Continuous Professional Development (CPD) Training Course for Regulated Investment Services Professionals DATES Thursday, 23 rd November 2017 08:30 15:00 Friday, 24 th November 2017 08:30 15:00 Friday, 1 st December 2017 08:30 15:00 PLACE CROWNE PLAZA HOTEL LIMASSOL 1 P a g e
TRAINING COURSE LOGISTICS Dates: 23 rd November 2017 24 th November 2017 1 st December 2017 Time: 08:30 15:00 Duration: 5 teaching hours per day Language: English & Greek Venue: Crowne Plaza Hotel Limassol Attendance fees: 120* + VAT per day * 10% discount for 2+ participants of the same company * 15% discount for 4+ participants of the same company WHY SHOULD ATTEND To receive the required continuous professional development training and renew registration in the CySEC Public Register of Certified Persons; To expand the knowledge and competence of employees in the investment services sector; To gain insight on the latest EU and Cyprus regulatory developments; To be exposed to cutting edge risk measurement methodologies helping you manage your risks proactively. Fees include course attendance and educational material. WHO SHOULD ATTEND Holders of the CySEC Basic and Advanced Certification; Compliance Officers; Anti-Money Laundering Compliance Officers; Brokers; Prime Brokers; Investment Fund Managers; Portfolio Managers & Asset Managers; Investment Advisors; Dealers; Brokerage Houses; Banks; Binary Options Brokerages; Investment Firms; Investment Funds (AIFs, UCITs); Financial Services Providers; Administrative & Fiduciary Services Providers; Liquidity Providers & Market Makers; Payment Institutions; Electronic Money Institutions. TRAINING METHOD Practical examples, case studies and illustrations will be provided; Going behind the relevant law provisions, understanding their rationale and how to apply and make them work for you; The course will be presented by professionals with diverse backgrounds and extensive international experience in the banking and financial services sector; All participants will be given handbooks with notes of Note: the material to be covered. Attendance Certificates will be awarded to all participants. 2 P a g e
INSTRUCTORS DR. MARIOS KYRIACOU MR. CONSTANTINOS DEMETRIOU Dr. Marios Kyriacou has 17 years experience in the banking and financial services sector. He is currently consulting credit institutions, investment firms and investment funds with regards to their optimal structure and set-up, licensing, and regulatory compliance. He is considered to be an expert in treasury risk management, counterparty credit risk measurement, operational risk management, capital adequacy optimisation, stress testing, and risk-based internal audit. Dr. Kyriacou was previously the Head of Risk Management with Piraeus Bank (Cyprus) for nearly 8 years; he was responsible for the management of credit and counterparty risk, market and liquidity risk, operational risk and treasury middle office operations. Marios also worked for eight years at the City of London as Risk Manager with BNP Paribas UK investment bank. He holds a Ph.D. from Cambridge University, fully sponsored by the University, M.Phil. (Distinction) from Cambridge University, and a B.Sc. (First Class, Honours) from Warwick University. Marios is a Chartered Statistician awarded by the UK Royal Statistical Society. He is a member of several professional associations, speaker at international risk events and the author of risk management articles published in professional or academic journals. He is currently appointed as a non-executive Board member in investment companies, and lectures risk management topics to M.Sc. Finance and MBA students at the University of Cyprus. Mr. Constantinos Demetriou is a subject matter expert in the areas of Regulatory Compliance, Prevention of Money Laundering and Terrorist Financing, and Internal Audit. He has extensive work experience working with investment firms regulated by CySEC. Currently he advises high profile clients, investment firms primarily, on improving their compliance framework and in some cases, undertakes their Compliance or Internal Audit function. Previously Constantinos has worked at K. Treppides & Co. Ltd, as an Auditor for 3 years and as a Senior Compliance Consultant for another 2 years. He is an ACCA qualified accountant and member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He was awarded a BSc (Hons) in Accounting & Finance by the University of Lancaster, following which he obtained the CySEC Financial Services Legal Framework Advanced Certification and is registered in the Public Register of the Cyprus Securities and Exchange Commission. 3 P a g e
MR. CONSTANTINOS PAPANASTASIOU MS. ANDREA PERATITIS Mr. Constantinos Papanastasiou currently holds the position of Senior Manager Fund Services for EFG Bank (Luxembourg) S.A - Cyprus Branch, part of EFG International. Among the fund services, he is offering AIFMD compliant depositary services to Cyprus Alternative Investment Funds. Constantinos has over 17 years of experience in investment banking and financial services as he was previously the Head of Investment Banking at CISCO, Bank of Cyprus Group. He is also a member of the Board of Directors of Natural Gas Public Company (DEFA) and of the Cyprus Investment Funds Association (CIFA). Constantinos is a CFA Charter holder from the CFA Institute and also holds a Corporate Finance Qualification from the ICAEW and the advanced certificate from CySEC for the provision investment services. He holds a B.Sc. (Econ) in Economics and Statistics (First Class) from University College London and an M.Phil. Finance from the University of Cambridge, Pembroke College. Ms. Andrea Peratitis is the Head of Regulatory Reporting at Point Nine Ltd. In this role, she has the responsibility for the development of products offered by Point Nine for EMIR, ASIC, FinfraG, MiFID II / MiFIR and SFTR. Previously, Ms. Peratitis worked in the finance division of Renaissance Capital as the Manager of the Regulatory Reporting department of the Cypriot entity and in the Agriculture, Fisheries, Social Affairs and Health Directorate of the Council of the European Union. Ms. Peratitis holds a Bachelor s degree in Mathematics and Statistics and a Master s degree in Banking and Finance from Queen Mary University of London. 4 P a g e
COURSE CONTENT ALTERNATIVE INVESTMENT FUND MANAGERS LAW & AIF LAW & APPLIED RISK REQUIREMENTS & RISK MANAGEMENT: STRESS TESTING Thursday, 23 rd November 2017 08:00-08:30 Registration and Coffee 08:30-10:45 ALTERNATIVE INVESTMENT FUND MANAGERS LAW & AIF LAW Instructor: Mr. Constantinos Papanastasiou Who are the main stakeholders in an AIF set up? AIFM and AIF operating conditions and organisational requirements AIFM and AIF reporting obligations & disclosure to investors AIF structures: legal status, internally vs externally managed, multiple investment compartments / umbrella structures, master-feeder structures AIF with Limited Number of Persons (licensing, set-up, benefits and AIFS) How CIFS can extend their portfolio management services to AIFs 10:45-11:30 COMING CHANGES TO THE REGULATORY FRAMEWORK (ALTERNATIVE INVESTMENT FUND MANAGERS LAW & AIF LAW) Instructor: Mr. Constantinos Papanastasiou 11:30-12:15 Light Lunch 12:15-14:30 APPLIED RISK REQUIREMENTS & RISK MANAGEMENT: STRESS TESTING Instructor: Dr. Marios Kyriacou Internal Capital Adequacy Assessment Process (ICAAP) Stress Testing by Risk Factor: Illustrations with Examples Trading Book Market Risk Measurement: Monte Carlo Simulation Counterparty Credit Risk: Value at Risk Large Exposures Risk (Concentration to Counterparties, Industry Sectors, Products, Countries) Operational Risk Stress Scenario Analysis Using operational risk management best practices from the banking sector to manage and measure CIF AML Risk Building a Loss Model for Quantifying your exposure to AML Risk 14:30-15:00 Questions and Answers 5 P a g e
COURSE CONTENT COMPLIANCE FUNCTION & COMPLIANCE RISKS & PREVENTION & SUPPRESSION OF MONEY LAUNDERING & TERRORIST FINANCING Friday, 24 th November 2017 Instructors: Mr. Constantinos Demetriou, Ms. Andrea Peratitis (*1) 08:00-08:30 Registration and Coffee 08:30-10:30 MiFID II AND OTHER CYSEC REGULATORY DEVELOPMENTS 10:30-11:00 GUIDELINES FOR INVESTMENT FIRMS ON THE COMPLIANCE FUNCTION 11:00-11:30 CLIENT DUE-DILIGENCE (CDD) & KNOW-YOUR-CLIENT (KYC) PROCEDURES Client Acceptance Policy (CAP) Appropriateness Assessment Suitability Test 11:30-12:15 Light Lunch 12:15-13:45 PREVENTION & SUPPRESSION OF MONEY LAUNDERING & TERRORIST FINANCING 4 th EU AML Directive. What is it? What you need to know and how to prepare? Risk based AML approach AML risk assessment: how to implement? Developing a risk based and dynamic customer categorisation procedure 13:45-14:15 EUROPEAN MARKET INFRASTRUCTURE REGULATION (EMIR) (*1) How derivative markets work under EMIR EMIR Obligations (Reporting, Clearing, Risk Mitigation Techniques) EMIR Level 3 Intragroup transactions exemptions EMIR reporting flows 14:15-14:30 COMMON REPORTING STANDARD (CRS) 14:30-14:45 FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) 14:45-15:00 Questions and Answers 6 P a g e
COURSE CONTENT APPLIED RISK REQUIREMENTS & RISK MANAGEMENT: UNDERSTANDING CAPITAL ADEQUACY Friday, 1 st December 2017 Instructor: Dr. Marios Kyriacou 08:00-08:30 Registration and Coffee 08:30-11 :30 APPLIED RISK REQUIREMENTS & RISK MANAGEMENT: UNDERSTANDING CAPITAL ADEQUACY Capital requirements EU directive and regulation (CRD, CRR) Capital adequacy calculation under CRR Pillar 1 Regulatory Own Funds and applicable deductions Standardised approach for Credit Risk: Asset classes and Risk Weights Standardised approach for Market Risk Basic Indicator approach and Standardised Approach for Operational Risk 11:30-12:15 Light Lunch 12:15-14 :30 APPLIED RISK REQUIREMENTS & RISK MANAGEMENT: UNDERSTANDING CAPITAL ADEQUACY Optimisation of your Capital Adequacy: improving your ratios without necessarily injecting new capital Capital management Eligible regulatory capital structure: CET1, Tier 1, Tier 2 Countercyclical Credit Risk capital buffer Capital Conservation buffer 14:30-15:00 Questions and Answers 7 P a g e
Registration: - You can complete the Registration Form (on the last page) and have it sent together with the payment receipt to: email address: info@mnkriskconsulting.com or fax number: +357 25 508032 Places are reserved upon payment. Last date for registration: 30 calendar days prior to the training course date Last date for cancellation: 20 calendar days prior to the training course date. For late cancellation 40% of the seminar s cost will be charged. Substitutions are welcome at any time without any cancellation charge. M.N.K Risk Consulting reserves the right to change or cancel the dates of the programme. 100% refund in case of cancellation of the course by M.N.K Risk Consulting. Payment Method: - Payment can be made by bank transfer or direct deposit to the account. Bank Details: Bank: Hellenic Bank, Branch (201), 131 Arch. Makarios Ave., 3021, Limassol Bank Account Name: M.N.K RISK CONSULTING LIMITED Account number: 201-01-334080-01 (EUR) SWIFT: HEBACY2N IBAN: CY72 0050 0201 0002 0101 3340 8001 Certificates: - All participants will be awarded a certificate of participation of attendance. Each hour of attendance will account for one (1) unit of CPD. Our Contact Details: - M.N.K Risk Consulting Ltd 21 Vasili Michailidi Str., 3026, Limassol, Cyprus Areti Charidemou & Associates Tower Building Tel +357 25 508202 Fax +357 25 508032 Email info@mnkriskconsulting.com Web www.mnkriskconsulting.com 8 P a g e
CONTINUOUS PROFESSIONAL DEVELOPMENT (CPD) TRAINING COURSE FOR REGULATED INVESTMENT SERVICES PROFESSIONALS REGISTRATION FORM Available Seminars: I do hereby apply for the following seminar(s): 23 rd November 2017 (5 hours) 24 th November 2017 (5 hours) 1 st December 2017 (5 hours) COMPANY DETAILS Company Name: Address: Telephone: Fax: E-Mail: PARTICIPANT(S) DETAILS Full Name: Job Title: ID: CySEC Certification Number (if applicable): Address: Telephone: Fax: E-Mail: Date:.. Signature:.. Please send your completed Registration Form with the payment receipt to: email address: info@mnkriskconsulting.com or fax number: +357 25 508032 9 P a g e