ICARA
Development
SERVICE OVERVIEW
Internal Capital Adequacy and Risk Assessment ICARA or is a regulatory requirement under the Financial Conduct Authority’s IFPR (Investment Firm Prudential Regime) that ensures an investment firms or Wealth Management firms operate in a financially prudent manner, aimed at maintaining sufficient financial liquidity to withstand periods of financial stresses and meet its obligations in the event of a wind-down.
THE VALUE YOU GAIN
FROM THIS SERVICE
Our ICARA Service helps clients understand their capital adequacy better, helping improve financial stability, and providing greater regulatory compliance, all of which contribute to better-informed decision-making, increased transparency, and resilience in adverse conditions. This ensures that clients’ investments are managed in a secure and trustworthy environment. It involves Business model analysis, Risk assessment and quantification, Stress testing, Recovery and wind-down planning, Capital and liquidity allocation and Annual MIF007 ICARA Questionnaire submission to the Financial Conduct Authority.
My team and I offer two main ICARA service, an Annual ICARA health check and the Annual ICARA Preparation.
OPPORTUNITIES
REVEALED
- Unveil growth potential
- Enhance Operational Efficiency
- Unleash Competitive Advantage
- Know Your Material Risk Takers
- Identify new funding sources
REWARDS
GAINED
- Increase Investor Confidence
- Achieve Regulatory Approval
- Build Operational Efficiency
- Improve Financial Resilience
- Improve Capital Allocation
THREATS
MITIGATED
- Market Volatility
- Harm to Firm
- Harm to Customer
- Harm to Market
- Regulatory Penalties
PROBLEMS
SOLVED
- Inadequate Capital Reserves
- Inefficient Financial Controls
- Poor Stress Testing
- Wind-down Issues
- Regulatory Sanctions
Are you confident that your firm is fully prepared to navigate the complexities of today’s financial landscape? Ensure your business is resilient, compliant, and positioned for growth by booking our ICARA service today. Don’t wait—take the first step towards financial stability and strategic advantage.
COSTS
Starting from £15,000 for ICARA health check.
The Investment required for the ICARA service gives organisations two options (1) Annual health check fee starting from £15,000.00, and (2) Full Annual ICARA Preparation cost will depend on the scope, complexity and the size of your organisation
DURATION
Starting from 30 days.
The final cost is based on the institution’s size, complexity and specific ICARA requirements.
SERVICE
NOTICE
Invest in your business’s future by partnering with us for expert ICARA consultancy service.
Contact us today to schedule a consultation and start maximising the value of your risk-taking efforts to achieve your purpose.
IN NEED OF ICARA?
LET'S GET STARTED WITH A VIRTUAL CONSULT NOW