Advisory

For already licensed investment firms, preparation or review of your application to the regulator for foreign branches or cross border services

In the case of licensed investment firms, prepare or review your application to CySEC in order to obtain a license for the provision of additional investment services

Implement the conditions that may be attached to your license to operate as a regulated Investment Firm in Cyprus

Implement the MiFID II/MiFIR requirements

Assess the impact of the rules on your strategic priorities and your operations

Prepare or update your policies and procedures (e.g. Procedures Manual, Conflicts of Interest Policy, Best Execution Policy, etc.)

Deliver tailor-made training on MiFID II/MiFIR related subjects

Quantify your capital ratios, liquidity ratios and leverage according to the CRD IV specifications

Prepare or review the prudential forms prior to their submission to CySEC

Become equipped with the necessary skills and knowledge through tailor-made training and workshops

Prepare or review the Internal Capital Adequacy Assessment

Process (“ICAAP”) document and manual

Prepare or review your Remuneration Policy and/or provide assistance in understanding the European Banking Authority’s (“EBA”) requirements

Design scenarios for stress testing analysis

Prepare or review the Pillar 3 Disclosures report

Address ad-hoc queries relating to the CRD IV provisions

Optimise your capital consumption and capital allocation framework

Conduct a gap analysis against the FATCA requirements

Strategically refocus your business in the context of the FATCA provisions

Implement FATCA by adapting your business systems and processes accordingly

Provide support to reinforce your implementation efforts

Provide guidance during the testing and go-live phase of your FATCA implementation

Conduct a gap analysis against the CRS requirements and ascertain how work done in relation to FATCA can be leveraged in the context of CRS

Assess and analyse your current policies and procedures against the key CRS provisions

Understand and document the CRS requirements across different jurisdictions

Define the CRS related specification requirements for your individual IT platform

Select a TR(s) and/or a CCP(s) in order to meet reporting and clearing obligations

Gather business requirements for data interface and migration processes for reporting purposes

Identify derivative products subject to the clearing obligation

Assess the application of clearing exemptions for intra-company transactions

Design, test and document business and operational clearing processes, including improvement of processing efficiency and control

Adapt the firm’s operational, credit, liquidity and market risk strategy and appetite in light of new collateral arrangements

Design, build and implement management information systems to monitor different risk types

Perform background checks on legal or physical persons to support KYC procedures

Create effective and sustainable AML compliance control programs

Improve the quality of AML internal audits

Design and implement effective customer due diligence processes

Improve the function and performance of your suspicious activity monitoring systems and processes

Train senior executives and employees on topics ranging from specific aspects of compliance to regulatory expectations and industry trends

Prepare or update your policies and procedures (e.g. AML Policy) to ensure compliance with the regulatory requirements

In the development of a risk-based Internal Audit methodology, including assessing whether the Internal Audit function is delivering real value to stakeholders

In the establishment of your in-house Internal Audit function

By advising the Audit Committee and developing Audit Committee charters

By supporting Internal Audit functions with technology solutions (such as Computer Assisted Audit Techniques) to enhance and support their work

By performing IT Audits including ERP systems such as SAP, Oracle, Navision

Share recovery planning insights, industry best practices as well as tools and templates

Leverage our experience with regulators to support your delivery and communication strategy

Review your existing documentation and procedures and identify potential gaps / provide recommendations

Provide advisory support on regulatory standards