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    Tesaka > Services > IFPR Implementation for MIFIDPRU Investment Firms

IFPR Implementation for MIFIDPRU Investment Firms

IFPR Support

The FCA’s Investment Firm Prudential Regime has been live since January 2022 and applies to more than 3700 FCA regulated firms.

The regime introduced new prudential rules for investment firms to strengthen risk management and to encourage Senior Managers to think outside the firm by considering risks to consumers and markets.

While the FCA was forgiving of firms’ first iteration in 2021, they now expect firms to have a robust ICARA in place, fully aligned to the MIFIDPRU rules. Across the industry, we have seen that significant gaps remain in underlying risk management frameworks, recovery planning and stress testing.

Tesaka can provide end-to-end IFPR implementation support on:

  • – Consolidation advice
  • – Risk management assessment
  • – K-Factors assessment
  • – ICARA development
  • – MIFIDPRU reporting and disclosures
  • – Remuneration advice
  • – Board training and workshops
  • – ICARA templates and underlying risk assessment template
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Many firms have taken the opportunity to move away from Excel based risk management to streamline the ICARA process. With our technology partners, we can provide a risk management platform capable of completing the ICARA risk assessment and stress modelling.

  • ICARA template
  • ICARA review or drafting
  • Risk management tools
  • MIFIDPRU reporting
  • Board training

Why choose Tesaka?

  • Experience of supporting 300 firms
  • Approach tailored to your firm
  • Understand the regulators’ approach
  • Risk management expertise