CPD Seminar · Risk & Prudential
Risk Management for Investment Firms
From risk appetite to ICARA: a practical framework for CySEC-regulated firms
- Duration
- 3 hours
- CPD hours
- 3
- Level
- Intermediate to advanced
- Delivery
- On request – in person or online
- Fee
- Upon request
- Edition
- October 2026
Overview
A complete, practical framework for managing risk in an investment firm: governance and risk appetite, measurement tools, the IFR/IFD prudential regime, ICARA and SREP, and mitigation. It includes the specific risk map of an FX/CFD broker and lessons from real market stress events.
Who should attend
- Risk managers
- Executive and non-executive directors
- Finance and treasury staff
- Compliance officers and internal auditors at CIFs
Learning objectives
- 01Explain the risk management cycle, the three lines of defence and what a sound risk culture looks like
- 02Map the main risks of an investment firm, including the specific risks of an FX/CFD broker
- 03Use and challenge the main measurement tools: risk matrices, KRIs, VaR, expected shortfall, stress and reverse stress tests
- 04Write a risk appetite statement with measurable limits, and describe the roles of the Board, risk function and risk committee
- 05Apply the IFR/IFD framework: firm classes, own funds, K-factors, liquidity, ICARA and SREP
- 06Choose appropriate mitigation, from hedging and counterparty limits to business continuity under DORA
Programme
Module 01
Foundations
Purpose, the risk cycle, three lines of defence, legal basis
Module 02
Risk taxonomy
Financial and non-financial risks; the CFD broker risk map
Module 03
Measurement
Matrices, KRIs, VaR, expected shortfall, stress and scenario testing
Module 04
Governance
Board, risk appetite, limits, the risk function and committee
Module 05
Prudential framework
IFR/IFD, K-factors, liquidity, ICARA, SREP, wind-down
Module 06
Mitigation, updates and assessment
Hedging, counterparties, BCP; 2025–2026 updates; 10 questions
Case studies covered
Latest updates included
Review of the investment firm prudential framework
EBA/ESMA technical advice, October 2025
The Retail Investment Strategy
Provisional agreement, December 2025
CySEC supervision of investment firms
2025–2026
Assessment and certificate
The session closes with a 10-question knowledge check. Participants who attend the full session and complete the check receive a certificate of completion from Kyvos Capital Ltd, recording 3 hours of training.
Your trainer
Yiannis Georgiou
HRDA-Certified Trainer – Level 5 (EQF/CyQF 5) · Αριθμός ΑνΑΔ: 55672
Executive and board director with more than 18 years in financial markets, spanning trading, dealing, portfolio management, risk, compliance and board-level governance. His seminars combine first-hand regulatory and AML responsibility with a quantitative, technology-driven approach.
Meet the trainerRequest this seminar
Available on request, in person or online. The fee is provided on request.
Seminars are delivered on request by Kyvos Capital Ltd, Limassol, Cyprus, and led by Yiannis Georgiou, HRDA-Certified Trainer – Level 5 (Αριθμός ΑνΑΔ: 55672). Fees are provided on request. Seminar content is provided for training purposes only and does not constitute legal, regulatory or investment advice.