The new Investment Firms Directive (IFD) and Investment Firms Regulation (IFR) regime creates, for the first time, a dedicated regulatory reporting framework for investment firms. The countdown is on and investment firms now have less than six months to prepare for the implementation of the new regulation.
We invited investment firms based in Luxembourg to join our online discussion and to examine the impact of the new directive and regulation for Luxembourg's investment companies. Leveraging our market leading Abacus360 Banking software, we have developed a dedicated solution to meet your IFD/IFR needs. Our RegTech Advisory team developed a dedicated offering to support you with the implementation of the new IFR framework.
The following topics were discussed:
Eric Stiegeler is a Senior Manager at BearingPoint RegTech with a history of leading regulatory projects including CRR I, CRR II, FRTB and SA-CCR. His deep knowledge and project experience across a wide range of regulatory topics including credit risk, large exposures, liquidity risk (LCR, NSFR) and market risk (SA, FRTB) combined with his knowledge on derivative products, enable him to have a holistic view about products and the data required from a regulatory perspective. Eric has a passion for innovation including how to make regulation more goal-oriented and efficient through the use of technology, and has worked on projects addressing the regulation of blockchain technology and makign regulation data-driven. Eric Stiegeler holds a MA in Computer Science from Karlsruhe Institute of Technology (KIT) and an Executive MBA from Imperial College Business School.
Manuel Waas is responsible for IFR advisory services at BearingPoint RegTech. He has many-years’ experience in consulting in the financial industry with a focus on supervisory reporting. Manuel works passionately on the topic of banking regulation and banking regulatory reporting for more than 5 years, and gained many insights in the functioning of regulatory data in the financial industry. In his projects he gathered experience in CoRep reporting namely Own Funds, Larges Exposures, Leverage Ratio and Asset Encumbrance. Further, he supported customers also with the implementation of the AnaCredit reporting requirements.