Continuous Professional Development (CPD) Training …...Cyprus, as well as a number of European...

DATES

“The New Alternative Investment Fund (AIF) Law of 2018”

Instructor: Mr. Alkis Konstantinou, M.N.K Risk Consulting Ltd

Thursday, 5th December 2019, 8:30 – 15:30

“Applied Risk Requirements & Risk Management: Understanding Capital Adequacy (Pillar 1 & 3) -

CRR and upcoming CRR II”

Instructors: Dr. Marios Kyriacou & Mrs. Damiani Papatheodotou, M.N.K Risk Consulting Ltd

Friday, 6th December 2019, 8:30 – 15:30

“Anti-Money Laundering (AML) Procedures” & “Transaction Reporting (EMIR, MIFIR)”

Instructors: Mr. Chris Dingley, CME Regulatory Reporting, Mr. Rani Sawaf, Centroid Solutions &

Mr. Georgios Vouzas, M.N.K Risk Consulting Ltd

Thursday, 12th December 2019, 8:30 – 15:30

“Liquidity and Trading After MiFiD II and MiFiR” & “Demystifying Blockchain and Cryptocurrency”

Instructors: Mr. Ricardo David Yekara, Mexem Ltd & Dr. Theodosis Mourouzis

Friday, 13th December 2019, 8:30 – 15:30

PLACE

CROWNE PLAZA HOTEL, LIMASSOL

2, Promachon Eleftherias Street, Limassol 4103

(right across “The OVAL”)

Risk Consulting and Financial Services Advisory

www.mnkriskconsulting.com

Continuous Professional Development (CPD) Training Courses

for Regulated Investment Services Professionals

https://www.mnkriskconsulting.com/

Page | 2

LOGISTICS WHY SHOULD ATTEND

Dates: 05th December 2019 ▪ To receive the required continuous

professional development training and renew registration in the CySEC Public Register of Certified Persons;

▪ 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 pro-actively;

▪ To expand the knowledge and competence of employees in the investment services sector.

06th December 2019 12th December 2019

13th December 2019

Time: 8:30 – 15:30

Duration: 5 teaching hours per day

Language: English

Venue Crowne Plaza Hotel Limassol

Attendance fee €140* + VAT per day, incl. hotel lunch buffet

*10% discount for 3+ participants of the same company on all participants. Fee includes training material softcopy.

WHO SHOULD ATTEND TRAINING METHOD

▪ Holders of CySEC Basic / Advanced Certification;

▪ Compliance Officers; ▪ Anti-Money Laundering Compliance Officers; ▪ Brokers; ▪ Treasurers; ▪ Investment Fund Managers; ▪ Portfolio Managers & Asset Managers; ▪ Investment Advisors; ▪ Dealers; ▪ Brokerage Houses; ▪ Banks; ▪ Investment Funds (AIFs, UCITs); ▪ Financial Services Providers; ▪ Administrative & Fiduciary Services Providers; ▪ Liquidity Providers & Market Makers; ▪ Payment & Electronic Money Institutions.

▪ 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 courses 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 the material to be covered.

Note: Attendance Certificates will be awarded to all registered participants.

Page | 3

INSTRUCTORS

DR. MARIOS KYRIACOU, M.N.K RISK CONSULTING LTD Dr. Marios Kyriacou has 18 years’ experience in the banking and financial services sector.

He is consulting credit institutions, investment firms and investment funds with regards

to their optimal structure and set-up, licensing, and regulatory compliance. Currently he

is engaged by the Central Bank of UAE for the implementation of Basel 3 (2006 to 2017

standards) to the country’s banking sector. 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 also worked for eight years at the City of London as Risk Manager with BNP

Paribas UK investment bank. Ph.D. and M.Phil. (Distinction) from Cambridge University,

B.Sc. (First Class, Honours) from Warwick University, 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 regulated listed and non-listed financial entities, and lectures risk

management topics to M.Sc. Finance and MBA students at the University of Cyprus.

MR. GEORGIOS VOUZAS, M.N.K RISK CONSULTING LTD Mr. Georgios Vouzas has extensive experience on Compliance matters in the financial

industry. He has been working with Cyprus Investment Firms as an AML Compliance

Officer (in-house and on outsourcing basis) and has designed and developed several AML

risk assessment methodologies. Georgios is considered to be an expert on AML and

Compliance matters. He has obtained the CySEC Financial Services Legal Framework

“Advanced Certification” and is registered in the Public Register of the Cyprus Securities

and Exchange Commission. He has a degree on Mechanical & Automotive Engineering

BEng (Hons) from the University of Bradford and two MSc degrees from the University of

Huddersfield on Engineering Control Systems and Instrumentation, and on Engineering

Design and Management.

MR. RICARDO DAVID YEKARA, MEXEM LTD Mr. Yekara is currently working with Mexem Ltd, a CySEC regulated European brokerage

firm. His focus has been Securities Trading due to his role as an Execution Broker with GS

Sharestocks Ltd (Cyprus’ sole online Equity Broker), a Broker-Dealer with InterBolsa Plc

(Colombia's largest security Broker and leader in the Government Bond market-making

program) yet experienced in Commodities Derivatives after his capacity as Trader with

AgroBolsa Llc (Colombia's largest commodity Broker). Mr. Yekara is a graduate of

Colombia's CESA (School of Higher Studies in Administration) with post-graduate studies

in Economics from TECHNION (Israel Institute of Technology). Mr. Yekara passed the

examinations of BVC (Colombian Securities Exchange for Brokers and Dealers), while he

also completed the CISI (Chartered Institute for Securities & Investment) examinations

on European Financial Legal Framework, UK Financial Regulation and Combating

Financial Crime.

Page | 4

MRS. DAMIANI PAPATHEODOTOU, M.N.K RISK CONSULTING LTD Mrs. Damiani Papatheodotou is a Risk Analyst, primarily focusing in the provision of risk

management and regulatory compliance services to regulated financial entities.

Previously, Damiani has worked for 2 years as an Analyst in AXIA Ventures Group’s

Research Division specializing on macroeconomic and political research regarding

Cyprus, as well as a number of European banks in Cyprus, Greece and Portugal. Damiani

holds a BSc in International, European and Economic Studies from the University of

Cyprus and an MSc in Finance also from the University of Cyprus where she specialized

in banking risk management. Damiani’s master thesis focused on the determinants of

Non-Performing Loans (NPLs) in the Eurozone post the 2007 crisis, while she is also the

author of several articles published in professional journals. Mrs. Papatheodotou has

obtained the CySEC Financial Services Legal Framework “Advanced Certification” and is

registered in the Public Register of the Cyprus Securities and Exchange Commission.

MR. ALKIS KONSTANTINOU, M.N.K RISK CONSULTING LTD Mr. Alkis Konstantinou is a Financial Services Consultant, primarily focusing in the

provision of regulatory Compliance Support and Internal Audit services to regulated

financial entities. Alkis holds a BSc in International, European and Economic Studies from

the University of Cyprus where he graduated with honours. He is also a holder of a

Master in Business Economics (MBE) also from the University of Cyprus where he

specialized on International Business and Business Management. Mr. Konstantinou as

part of his Master’s program he completed a six months internship program at the

Housing Finance Corporation (HFC) where he held the position of assistant in the

Accounting Department of the Bank. Mr. Konstantinou has obtained the CySEC Financial

Services Legal Framework “Advanced Certification” and is registered in the Public

Register of the Cyprus Securities and Exchange Commission.

DR. THEODOSIS MOUROUZIS, CIIM (Cyprus International Institute of Management) Dr. Theodosis Mourouzis is a cryptologist and information security professional with

strong interests in both academia and industry. He holds a BA/MA in Mathematics and

a MSc in Pure Mathematics from the University of Cambridge, a MRes in Security Science

and a PhD in Information Security with Specialisation in Cryptography from University

College London. He was the first recipient in the UK Cyber Cipher Security Challenge in

2013 and he has represented Cyprus four times in Balkan & International competitions

in Mathematics. Theodosis (Theo) is Managing Partner of Electi Consulting, a

consultancy specialising in Blockchain and data analytics, Programme Director of MSc in

Business Intelligence and Data Analytics at CIIM and Research Fellow at UCL CBT. In

addition, he is currently an advisor to the Cyprus government in Blockchain applications,

and a member of the EU Blockchain Partnership Initiative organised by the European

Commission. Dr. Mourouzis worked with leading companies and organisations such as

Lloyd’s Maritime Academy, Lloyds Bank, US Navy, Technology Strategy Board (TSB),

Centre for Defence Enterprise (CDE) and others.

Page | 5

MR. RANI SAWAF, CENTROID SOLUTIONS As a multidisciplinary and cross-cultural executive with 25 years of experience in

challenging duties in sectors such as Software - Fintech and Regtech as well as

Banking, from large corporates to start-ups, Mr. Sawaf has gathered expertise

among others in Regulatory Reporting, Sales & Business Development, in Market

Intelligence and Product Mgt., in Corporate Development, Strategy and M&A as well

as in Project Management. In his last position, Rani Sawaf has developed Centroid

Solutions in the past 6 years, a software company with various business lines,

among other the Reg Tech business line such as EMIR and MIFIR Reporting.

Rani Sawaf has a master in business administration of the University of St. Gallen

(HSG) in Switzerland, with a specialization in Marketing and Controlling. He also has

an executive MBA in Corporate Finance at the Institute Finance Zug. Rani is fluent

in five languages.

MR. CHRIS DINGLEY, CME REGULATORY REPORTING Mr. Dingley is Director of Industry Relations at CME Regulatory Reporting and

manages non-commercial engagement with partners, regulators and industry

associations. Chris joined Abide Financial in 2014 and has recently led the sales team

through EMIR2, MiFID 2 and the integration into NEX and CME. He is a collector of

“crumbs” of ideas, constantly looking to incorporate new information to change the

world around him. Many of these ideas are gathered together and republished in

personal blogs or through industry events and working groups.

Page | 6

DAY 1 PROGRAM

THE NEW ALTERNATIVE INVESTMENT FUND (AIF) LAW OF 2018

Thursday, 5th December 2019

08:30 – 9:00

Registration and Coffee

9:00 – 11:00 THE NEW AIF LAW OF 2018

Instructor: Mr. Alkis Konstantinou

✓ What has changed in the Funds Legal Framework?

✓ Types of AIF schemes and AIF Legal Forms;

✓ Fund Set Up & Stakeholders;

✓ Operating & Organisational Requirements (including Portfolio Management,

Risk Management, Disclosures to Investors, Regulatory Reporting).

11:00 – 11:30 Coffee Break

11:30 – 13:00 THE NEW AIF LAW OF 2018


✓ Subscriptions & Redemptions (including Marketing and Distribution);

✓ AIFs with Limited Number of Persons: recent amendments in the Law;

✓ Registered Alternative Investment Funds (RAIFs).

13:00 – 14:00 LUNCH BUFFET

14:00 – 15:15 THE NEW AIF LAW OF 2018


✓ Key Investor Information Document (KIID)

✓ Preparation of the Synthetic Risk & Reward Indicator (SRRI).

15:15 – 15:30 Questions and Answers

Page | 7

DAY 2 PROGRAM

APPLIED RISK REQUIREMENTS & RISK MANAGEMENT: UNDERSTANDING CAPITAL

ADEQUACY (PILLAR 1 & 3) - CRR AND UPCOMING CRR II

Friday, 6th December 2019

08:30 – 9:00 Registration and Coffee

9:00 – 11:00 MINIMUM CAPITAL REQUIREMENTS UNDER PILLAR 1

Instructors: Dr. Marios Kyriacou, Mrs. Damiani Papatheodotou

✓ EU Capital Requirements Directive and Regulation (CRD, CRR);

✓ Minimum Capital Adequacy calculation under CRR Pillar 1;

✓ Eligible Own Funds, minimum CET1 and Tier 1, maximum Tier 2;

✓ Own Funds Applicable Deductions;

✓ Standardised approach for Credit Risk: Asset classes and Risk Weights;

✓ Acceptable Credit Risk Mitigation Techniques;

✓ Standardised Approach for Counterparty Credit Risk on OTC derivatives.

11:00 – 11:30 Coffee Break

11:30 – 13:00 CAPITAL BUFFERS, LARGE EXPOSURES, OTHER COREP FORMS, PILLAR 3

DISCLOSURE REQUIREMENTS


✓ Large Credit Exposures Limits (to third parties, directors, shareholders);

✓ Geographical Exposures & Countercyclical Credit Risk capital buffer;

✓ Capital Conservation buffer & Systemically Important Firm buffer;

✓ Leverage Ratio requirements;

✓ Disclosure by Institutions – Pillar 3;

✓ Technical Criteria on Transparency and Disclosure.


14:00 – 15:15 UPCOMING CRR II and CRD V MAIN CHANGES ON PILLARS 1 & 3


✓ Credit Risk

• Revisions to the standardised approach for credit risk;

• New standardised approach for counterparty credit risk;

• Credit valuation adjustment (CVA) risk & x-value adjustment (XVA) risks;

• Credit risk mitigation;

✓ Market Risk: Fundamental Review of the Trading Book (FRTB)

• FRTB purpose and main provisions;

✓ Operational Risk

• New standardised approach for operational risk.


Page | 8

DAY 3 PROGRAM

ANTI-MONEY LAUNDERING (AML) PROCEDURES &

TRANSACTION REPORTING (EMIR, MIFIR)

Thursday, 12th December 2019

08:30 – 9:00


9:00 – 11:00 ANTI-MONEY LAUNDERING (AML) PROCEDURES

Instructor: Mr. Georgios Vouzas

✓ Introduction to Anti-Money Laundering;

✓ Client Due-Diligence (CDD) and Know-Your-Client (KYC) Procedures;

✓ Client Acceptance Policy (CAP);

✓ 4th European Union (EU) AML Directive;

✓ 5th European Union (EU) AML Directive;

✓ Reporting Suspicious Transactions to the Cyprus Unit (i.e. MOKAS).

11:00 – 11:30

Coffee Break

11:30 – 13:00 FUNDAMENTALS OF TRANSACTION REPORTING

Instructor: Mr. Chris Dingley

✓ Regulatory objectives;

✓ Who can see the data?

✓ What sanctions can be applied?

CONTRASTING EMIR/MIFIR

Instructor: Mr. Chris Dingley

✓ Architectures/ Eligibility;

✓ MiFIR/EMIR specific topics;

✓ Recent Changes in Reporting Guidance;

✓ Introduction to SFTR.

13:00 – 14:00

LUNCH BUFFET

14:00 – 15:15 REGULATORY TECHNICAL STANDARD (RTS 27/28)

Instructor: Mr. Rani Sawaf

✓ Fundamentals of RTS 27/28: (i) Regulatory objective; (ii) Who is eligible;

(iii) What sections can be applied?

✓ Reports content: (i) Architecture/Tables; (ii) Data; and (iii) Publication;

✓ RTS27: (i) Challenges; and (ii) Solutions;

✓ Future scope of RTS 27/28.


Page | 9

DAY 4 PROGRAM

LIQUIDITY AND TRADING AFTER MiFID II AND MiFIR &

DEMYSTIFYING BLOCKCHAIN AND CRYPTOCURRENCY

Friday, 13th December 2019

08:30 – 9:00


9:00 – 11:00 LIQUIDITY AND TRADING AFTER MiFID II and MiFIR - How new reforms

challenge traders to find market liquidity.

Instructor: Mr. Ricardo David Yekara

✓ What is Liquidity? Information and common variation in Liquidity;

✓ What affects Liquidity? Levels of Liquidity and trading activity.

11:00 – 11:30

Coffee Break

11:30 – 13:00 LIQUIDITY AND TRADING AFTER MiFID II and MiFIR - How new reforms

challenge traders to find market liquidity.

Instructor: Mr. Ricardo David Yekara

✓ Liquidity Crisis Cycle: Understanding and monitoring Liquidity;

✓ Financial Crisis and Reforms;

✓ Finding Market Liquidity after MiFID II and MiFIR.

DEMYSTIFYING BLOCKCHAIN AND CRYPTOCURRENCY

Instructor: Dr Theodosis Mourouzis

✓ Historical Evolution of e-cash systems;

✓ What are Blockchain and Distributed Ledger Technology?

✓ Properties of Blockchain;

✓ Challenges (scalability, security, privacy, interoperability).


14:00 – 15:15 DEMYSTIFYING BLOCKCHAIN AND CRYPTOCURRENCY

Instructor: Dr Theodosis Mourouzis

✓ Types of Blockchain & Smart Contracts;

✓ Types of Tokens and Different Tokenised Business (native tokens, utility

tokens, security tokens, ICOs, SAFTs, cryptocurrencies);

✓ Dive into some native Blockchains (Bitcoin, Ethereum) and other altcoins;

✓ Regulation in different jurisdictions;

✓ Use Cases: Financing, Supply Chain, Cross-Border Payments, KYC/ML.


Page | 10

REGISTRATION

You can complete the Registration Form (on the last page) and have it sent together with

the payment receipt to:

Email address: [email protected]

Places are reserved and training material softcopies provided 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 as well as the contents. 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 508201

Email: [email protected] Web: www.mnkriskconsulting.com

mailto:[email protected]


http://www.mnkriskconsulting.com/

Page | 11

CONTINUOUS PROFESSIONAL DEVELOPMENT (CPD) TRAINING COURSES FOR REGULATED INVESTMENT SERVICES PROFESSIONALS

REGISTRATION FORM

Available Seminars: I wish to apply for the following seminar(s):

05th December 2019 - Day 1

“The New Alternative Investment Fund (AIF) Law of 2018”


“Applied Risk Requirements & Risk Management: Understanding Capital Adequacy (Pillar 1 & 3) - CRR and

upcoming CRR II”


“Anti-Money Laundering (AML) Procedures & Transaction Reporting (EMIR, MIFIR)”


“Liquidity and Trading After MiFiD II and MiFiR & Demystifying Blockchain and Cryptocurrency”

COMPANY DETAILS

Company Name:

Address:

Telephone:

Fax:

E-mail:

Page | 12

PARTICIPATION DETAILS:

Full Name:

Job Title:

CySEC Certification Number (if applicable)

Address:

Telephone:

Fax:

E-mail:

Date: ……………………………………………………

Signature: ……………………………………………………

Please send your completed Registration Form with the payment receipt to e-mail address: [email protected]


Continuous Professional Development (CPD) Training …...Cyprus, as well as a number of European...

Documents

Transcript of Continuous Professional Development (CPD) Training …...Cyprus, as well as a number of European...