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.