The Mechanics of Regulatory Risk Reporting

IFF Training

How long?

  • 14 weeks
  • online

IFF Training

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About the course

What you'll learn

  • The design principles for developing internal controls and best practices within the risk management function
  • The key compliance requirements, including the Basel III standards, regarding mandatory reporting
  • How to articulate the inter-connected nature of the various regulatory requirements with respect to the overall financial condition of a bank

Agenda

Unit 1: Learning Aims and Objectives

  • Understand the difference between risk and uncertainty – statistical nature of risk vs. absence of probabilistic dimension to uncertainty
  • Summarise the principal types of financial risk – market risk and capital adequacy, credit risk, liquidity risk, operational, legal and compliance risks, reputational risk
  • Explain the methodological principles of Value-at-Risk (VaR)
  • Explain how, especially in the aftermath of the 2008 financial crisis, there is need for an integrated or holistic approach to risk management – increasing recognition that market risk, credit risk and liquidity risk are all interdependent
  • Examine the focus on public policy and regulatory oversight of the financial sector and the need for detailed reporting to regulatory authorities

Terminology, Concepts and Scope of Risk Management

Risk management is primarily concerned with determining the likelihood that an undesirable event will occur and taking preventative actions and remedies to minimise the adverse consequences – key issues are:

  • Estimation of the magnitude of loss from an unexpected event
  • Estimating probability that there will be an adverse outcome and loss to the business
  • Determining the direct and indirect effects of an adverse outcome
  • Analytical framework for detecting causes of risk resulting in financial loss
  • Selection of risk control strategies appropriate to the objectives of the business and implementation of such strategies

Fundamentals of Value-at-Risk

  • Historical development of VaR – reasons for a single measure of enterprise risk
  • Explanation of probabilistic methods based on a normal distribution
  • How to calculate VaR – using spreadsheet tools
  • Evaluation of Basel III metric Expected Shortfall as a reliable indicator of market risk
  • Limitations of normal distribution in assessing magnitude of tail risk

Regulatory Oversight and Risk Reporting

  • Requirements for banks to reporting, on a continuing basis, a wide variety of supervisory and statistical data to regulators and central banks
  • Surveillance of financial services sector by regulatory bodies
  • Capital adequacy, Basel III, role of banking supervisors
  • CRD IV and CRR implementation in the EU
  • Current regulatory framework for banking in the UK
  • Role of BOE’s Financial Policy Committee (FPC)
  • Role of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in the UK financial services sector
  • Key IT processes for electronic submission of regulatory reporting in the UK and European frameworks
  • Need for enterprise wide data aggregation and analytics (BCBS 239)

Regulatory Reports

  • CRR: COREP Capital Adequacy CA1 – CA5, FINREP Financial Reporting
  • PRA: Capital Forecast (PRA101 - PRA103), Financial Forecast (PRA104 – PRA108)
  • Bank of England: Statistics Reports (Form BT, Form ELS)

Experts

Clive Corcoran

Clive Corcoran has been engaged in the finance and asset management sectors, on both sides of the Atlantic, for more than 25 years. After completing his education in the UK, Canada and the US, he co-founded and became the CEO of an asset management company based in the USA during the 1980s and 90...

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The Mechanics of Regulatory Risk Reporting at IFF Training

From  GBP 1 999$2,817
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Disclaimer

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