Cyprus: Risk
Refreshed August 2023 | CPD time: 1 Hour 45 Minutes
Risk can occur due to external events such as the global economy, political events, social and market forces, natural events, and technological progress, or due to internal events such as the board of directors, institutional investors, and customers, or from a firm’s internal operational, compliance and financial arrangements. This module provides an understanding of, inter alia, risk, the key risk categories, risk in financial services and how it is managed, risk limits, and guidelines issued by the Cyprus Securities & Exchange Commission (CySEC) applicable to Cyprus investment firms (CIFs) under its supervision.
1. Definition of Risk
2. Key Risk Categories
3. Risk Management Architecture
4. The Internal Capital Adequacy and Risk Assessment (ICARA) Process
Module Test