NEDs in FS training: Challenging the ICARA

The Investment Firm Prudential Regime is now three years old but it continues to present challenges to Boards. The Board is responsible for the firms Internal Capital Adequacy and Risk Assessment (ICARA) and Non-Executive Directors have an important role to play in challenging underlying assumptions, but often they are ill equipped to do so through lack of familiarity of the requirements and being at a distance from day to day management.

This interactive course, hosted by NEDs in FS, aimed to build familiarity around the requirements and greater confidence to challenge, with the opportunity to network with other attendees.

It covered:

• ICARA process
• Risk appetite statements and why quantitative statements are helpful
• Governance strictures and the three lines of defence model
• Risk of harm assessments – how are they done and how should they be challenged
• Wind down plans and associated capital resources.

Get in touch if you want to hear more about future events