In association with BVI
In December 2019, the European Union adopted a new regulatory regime with the aim of creating risk-adequate and tailored prudential requirements for Investment Firms authorised in the EU under MiFID (IFR/IFD).
With respect to regulatory reporting under the European Banking Authority’s (EBA) new Investment Firm Directive (IFD) and Investment Firm Regulation (IFR), all MiFID authorized, and supervised firms will need to prepare for changes to own funds, liquidity and capital requirements. For example, in the area of capital requirements, new measures referred to as K-Factors will be used to measure Risk-to-Customer, Risk-to-Market and Risk-to-Firm, requiring firms to introduce a step-change in the amount, complexity and granularity of reporting data needed.
The June 2021 deadline for the new regime is now fast approaching and firms need to ensure they are fully aware of the scope of the regulation and are ready to face the many reporting challenges it can pose.
In this webinar we will discuss:
- Applicability of the regime
- Understanding the new K-Factors – what you need to know
- Implementation challenges
- Changes to regulatory reporting