This webinar has now passed but is now available to view on demand. The recording of this webinar will be relevant for all firms within the Prudential & Payment Services space, including, electronic money institutions, payment institutions, account information service providers, fintechs, and cryptoasset firms. Access the recording of the webinar using the button below.
Webinar Background
On 27th February 2024, we hosted a Prudential Webinar, focussed on Payment Services and looking specifically at what’s coming down the regulatory track for 2024.
2023 was a busy year for Payment Services Firms in terms of keeping on top of their prudential and regulatory reporting requirements. We have worked with numerous firms helping them with:
- Assessments of the adequacy of financial resources (capital and liquidity)
- Enhancing risk management and liquidity frameworks
- Implementing harms analysis and risk quantification methodologies
- Developing stress testing approaches
- Responding to FCA feedback in respect of wind-down planning
Looking towards what’s to come in 2024, we thought it would be useful to put together a webinar that:
- highlighted the key prudential initiatives and reforms hitting firms and compliance departments in 2024;
- shared what we believe are key FCA priorities and any common themes we are seeing; and
- helped enable participants to earmark resources to prepare for regulatory initiatives in good order.
Agenda
This webinar covered…
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Prudential risk management
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Additional financial resources requirements
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| Modelling plausible scenario and stresses |
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Real-time monitoring of capital and liquidity |
Speakers
Harpartap Singh is responsible for the for the development and expansion of Cosegic’s prudential services offering and client service delivery. He has substantial experience helping firms manage their prudential regulatory obligations, including investment firms’ ICARA and banks’ ICAAP and ILAAP reviews; SREP remediation; REGDATA reporting; recovery and resolution plans; wind down planning; regulatory capital restructuring; and M&A due diligence. Whilst he has substantial experience helping firms across all sectors to comply with their prudential regulatory obligations, his particular strength is helping investment firms and credit institutions.
Jonathan is a Director of our Prudential team, where he specialises in helping our clients to assess their regulatory capital and liquidity requirements; to implement IFPR including developing ICARAs and wind down plans; and to assist with their regulatory reporting obligations. As well as being an experienced compliance professional, Jonathan is also a qualified ACA chartered accountant and a fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).
Stefan is an Associate Director within our Prudential Services team. He specialises in providing technical support to our clients in respect to capital and liquidity requirements, assisting clients with their with financial and non-financial risk management, supporting firms with ICAAP, ICARA and Wind-down planning and providing ongoing support to firms requiring assistance with their prudential obligations.