Capital Requirements Directive (CRD).

The FOA, in conjunction with KPMG, has prepared a series of breakfast sessions lasting approximately 2 hours and addressing aspects of the Capital Requirements Directive (CRD).

Some of the course material will be tailored to the firms attending, with attendees being invited to submit questions and areas of concern in advance of each session in order to ensure that the sessions address the current concerns of members.

The session are as follows:

General CRD Awareness - 27th November

Content:
Regulatory objectives interpreted for each market community, evolution of CRD, P I, PII & PIII. Objectives and behaviours expected. Implementation timetable & relationship to other regulations

Objectives:
Overall understanding of CRD, as a programme of regulation and how & when it is likely to affect each market community.

This course offers a high level view of the CRD and its wider implications for firms. The session provides a useful introduction to the subject for senior staff who require an overview and have not yet been directly involved with the CRD.


De-mystifying Pillar II - 6th December

Content:
What's new in Pillar II, its relationship to Pillar I. Summary of new risks being considered and new processes (at FSA & in the firm).

Objectives:
Understand Pillar II at a high level, sufficient to scope an effective response programme to Pillar II.

This session provides a summary of Pillar II and offers a more detailed examination of the different risks which firms may face and the potential capital impact of those risks.


Identifying Internal Capital Adequacy Assessment Process (ICAAP) approaches -
7th December

Content:
Regulator's expectations and requirements for a firm's ICAAP. Design principles & project management approaches

Objectives:
Understand ICAAP from a regulator's perspective and what a response programme might entail for a firm; overview of the options and choices to be made.

Location for seminars: KPMG - (office TBC)

Cost: £100 per session

Format: 08.00 - Registration, introductions and breakfast
08.45 - Presentation
09.30 - Q&A (including discussion of issues identified in advance)
10.00 - Close

Places will be limited so we advise members to register promptly. Bookings for the General CRD Awareness session must be made no later than 23rd November to allow time for your place to be confirmed. Please indicate to whom the invoice for the sessions should be made out to.