The Seven Deadly Sins of ICARA Compliance: Navigating Pitfalls and Embracing Best Practices

The FCA's ICARA (Internal Capital Adequacy and Risk Assessment) requirements under the IFPR (Investment Firm Prudential Regime) aim to help firms effectively manage capital and liquidity risks. However, many firms struggle with key elements of the process, jeopardizing operational resilience and risking regulatory scrutiny.

Join us on 12 February 2025, at 2pm GMT as we highlight common pitfalls in ICARA implementation, including inadequate liquidity stress testing, poor wind-down planning, and unclear risk linkage. Drawing on the FCA’s latest observations, we’ll provide practical solutions to strengthen your ICARA framework and enhance your firm’s compliance.

Discussion topics:

• Setting the scene: An overview of IFPR and ICARA requirements
• Identifying the “Seven Deadly Sins” of ICARA compliance
• The path to redemption: Best practices, FCA recommendations, and ACA takeaways

Who should attend?

This webcast is ideal for compliance professionals, risk managers, and senior leaders navigating the IFPR and ICARA process.

Speakers

• Pema Thongdok, Principal Consultant, ACA Group
• Paul Henshaw, Senior Principal Consultant, ACA Group