The Training Course

This new and highly innovative intermediate to advanced training course will provide attendees with an unparalleled opportunity to master the latest regulatory compliance frameworks being rolled out across the European Union (EU). For the first time ever, a training course will cover a broad range the most complex legal and operational frameworks affecting banks and financial services firms operating in the EU. This will include first class legal, financial, operational, and strategic coverage of the updated Markets in Financial Instruments Directive (MiFID II), Markets in Financial Instruments Regulation (MiFIR), updated Market Abuse Directive (MAD 2), Market Abuse Regulation (MAR), Capital Requirements Directive (CRD IV), Capital Requirements Regulation (CRR), updated E-Money Directive (EMD2), and updated Payments Services Directive (PSD2) regulatory compliance frameworks. The course will provide a truly unique learning experience. 



Day 1


SESSION 1: MiFID II and MiFIR Frameworks

■ MiFID II (2015/65/EU): Market Structure (Regulated Markets, Multilateral Trade Facilities (MTFs), Organised Trade Facilities (OTFs), Systemic Internaliers (SIs); Best Execution; Organisational Requirements; Conduct of Business Rules; Investor Protection; Third Country Firm Framework.    

■ MiFIR (No 600/2014): Pre-Trade and Post-Trade Reporting; Waivers; Deferred Publication; Volume Cap Mechanism; Transaction Reporting; Derivatives and Clearing; Position Limits; Position Reporting; Position Management Powers; Legal Entity Identifiers; Flags;





SESSION 2: MiFID and MiFIR Operational Compliance

■ MiFID II Operational Compliance Framework; the Compliance Function; New Powers, Sanctions, and Remedies; Recording Communications; MiFIR Reporting Obligations; Validation of Data; MiFIR Reporting Technologies.

■ MiFIR Product Intervention Powers; Thematic Review (Inducements, Conflicts of Interest, Structured Products, AssessingSuitability); Holistic Regulatory Compliance; MiFID II Strategies for Financial Services Firms.




SESSION 3: MAD 2 and MAR Frameworks

■ MAD 2 (2014/57/EU): New Minimum Rules for Criminal Sanctions and Penalties; Liability (Natural and Legal Persons); Trading Venue Obligations; Emissions Allowances; Issuers; Spot Commodity Contracts and Transactions; Benchmark Manipulation.   

■ MAR (No 596/2014): Market Abuse Offences; Suspicious Transaction and Order Reports (STORs); Buy-Back Programme and Stabilisation Measures; Accepted Market Practices; Market Soundings; Whistleblowing Obligations, Reporting, Protections, and Financial Incentives.




SESSION 4: MAD 2 and MAR Operational Compliance

■ Financial Conduct Authority 2017 Market Abuse Thematic Review; Market Abuse Exemptions; Supervisory and Investigation Powers; Administrative Sanctions and Measures; Financial Penalties (Individuals, Companies); Identifying Market Abuse Behaviour; Pre-Trade Controls; Insider Lists.

■ Implementing and Updating Market Abuse Compliance Programmes; Prevention and Detection; Systems and Processes; Reporting Capabilities; Training; Surveillance Appropriateness; Record Keeping; Investment Recommendations; Market Abuse Surveillance Software Solutions.

Day 2


SESSION 5: CRD IV and CRR Frameworks

■ CRD IV (2013/36/EU): Internal Governance; Internal Capital Adequacy Assessment; Own Funds; Stress Testing; Prudential Supervision, Measures, Powers, Penalties; Supervisory Review and Evaluation; Risk Management (Credit and Counterparty, Concentration, Securitisation, Market, Operational, Liquidity, and Interest risk arising from non-trading book activities, risk of excessive leverage).

■ CRR (No 575/2013): Supervisory Powers; Prudential Consolidation; Capital Requirements (Credit Risk); Own Funds Requirements; Common Equity Tier 1 and Tier 2 Capital; Prudential Filters; Deductions; Threshold Exemptions; Calculation and Reporting Requirements; Calculation of Risk-Weighted Exposure Amounts; Loss Given Default; Counterparty Credit, Wrong-Way, and Liquidity Risks.


SESSION 6: Capital Requirements Operational Compliance

■ Internal Capital Requirements Operational Compliance; Common Reporting (COREP) and Financial Reporting (FINREP) Obligations; Data Point Model and Taxonomy; Filing Manual; Filing Rules; Validation Rules; Data Mapping.

■ Calculating Total Risk Exposure Amount; Capital Buffers (Capital Conservation, Countercyclical Capital; Global Systemically Important Institutions (G-SII); Other Systemically Important Institutions (O-SII); Buffer Rates; Strategic Analysis of Capital Requirements; Market and Economic Volatility.


SESSION 7: EMD2, PSD, and PSD2 Operational Frameworks

■ EMD2: E-Money Directive (2009/110/EC); Prudential Supervision (Initial Capital, Own Funds, Activities, Safeguarding Requirements); Electronic Money Services (Issuance and Redeemability, Prohibitions); Market Access.

■ PSD (2007/64/EU): Negative Scope; Payment Institutions (Initial Capital, Own Funds, Safeguarding, Authorisation, Activities, Liability); Access to Payment Systems; Framework Contracts, Transactions.
PSD2 (2009/110/EU):  
Payment Services (Account Information Services (AIS), Payment Initiation Services (PIS)), Payment Institutions; Payment Services Providers; Third-Party Account Access, Account Information Aggregators, AIS Providers (AISPs), PIS Providers (PISPs).


SESSION 8: EMD2 and PSD2 Operational Compliance

■ EMD2 Operational Compliance; Payment Services; Granting of Credit; Provision of Operational Services; Exemptions; Initial and Ongoing Capital; Funds Safeguards; Customer Terms and Conditions; Strategic Insights.

Execution of Payment Transactions; Access to Accounts (XS2A), Open Application Programming Interfaces (APIs); PSD2 Security Framework; Access to Accounts (XS2A), Open Application Programming Interfaces (APIs), Consumer Protection; Payment Chain Security Risks; European BankingAuthority (EBA) Technical Standards and Guidelines; Strategic Opportunities.