| When: | Dublin - Tuesday 7th September, 9.00am to 1.00pm |
| Venue: | Central DUBLIN City Venue |
| Cost: | €380 (No VAT). |
| CPD allowance: | Formal and Informal CPD: max 4 hours (subject to your professional body's rules). You may be able claim a mix of formal and informal hours for the full 4 hours of tuition (subject to your body's rules)
Institute of Bankers: LCOI - 0.5 formal hours CeB - 3.5 formal hours
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| Make a BOOKING: | Terms & Conditions and Cancellation Policy - Please Read Privacy Statement - Please Read
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“Extremely useful with good practical tips. I look forward to attending more seminars with Compliance Ireland.” (Financial Company - Financial Regulator Inspection course)
“Very useful course – particularly the real life examples discussed … Thanks.” (MiFID Firm – Financial Regulator Inspection course)
Do you know that: Four waves of Quantitative Impact Studies have already been conducted to help affected firms influence the likely final shape of Solvency II and a fifth is scheduled for 2010?
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Solvency II is a European Union legislative initiative for regulating insurance businesses by setting out capital and corporate governance requirements. This represents a major change in the way insurance undertakings organise themselves and are regulated.
Solvency II takes effect in October 2012 and will bring about a significant change in the way risk is viewed. Firms must define their own risk profile and show that they have sufficient capital to meet this level. Firms must also demonstrate that they have sufficient risk management and corporate governance mechanisms in place.
Solvency II introduces a number of new capital requirements – the Minimum Capital Requirement and the Solvency Capital Requirement. It also imposes a new architecture on insurance firms, requiring the establishment of risk and control functions.
AIMS:
The aims of this half-day course are to provide an introduction to the implementation of the Solvency II Directive in Ireland.
BENEFITS:
By attending this course participants will gain an understanding of:
- Timetable for introduction and Financial Regulator adoption requirements
- Role of CEIOPS/Establishment of EIOPA
- Role of the group supervisor
- Use and approval of internal models
- Pillar 1 – Quantitative Pillar
- Valuation of Technical Provisions
- Minimum Capital Requirement
- Solvency Capital Requirement
- Pillar 2 – Qualitative Pillar
- Own Risk and Solvency Assessment
- Supervisory Review Process
- Pillar 3 – Disclosure Pillar
- Annual report on solvency and financial condition.
- Corporate Governance requirements
- Risk Management function
- Internal Control/Compliance function
- Internal Audit function
- Actuarial function
- Previous experience when applied to investment firms
WHO SHOULD ATTEND:
- Directors (Executive and Non-Executive)
- Compliance Officers
- Risk Managers
- Actuaries
- Internal Auditors
- External Auditors
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