Executive Summary

The new Investment Firms' Prudential Regime (IFPR) brings significant changes to the way investment firms assess and mitigate risks. With its proximity to the Senior Managers and Certification Regime (SMCR), It also moves closer towards the FCA's goal of driving a culture of accountability and responsibility within firms.

Among other changes, it introduces new capital and liquidity calculations and increases reporting and disclosure requirements for many different firm types.

Wheelhouse Advisors works with clients across the investment management sector and has vast expertise in prudential governance with a particular focus on the new prudential regime. Our unique holistic market view has allowed us to build a clear picture of the level of impact of each part of the regime across multiple different firm types.

In order to dive deeper into the impact on specific firm types, Wheelhouse Advisors has undertaken a number of extensive impact assessment projects with its varied client base.

This unique research allows us to understand the level of work that will be requisite if firms are to meet the requirements of the new Investment Firms’ Prudential Regime (IFPR), when it comes into effect in the UK in January 2022. Some of the findings are significant and may be a cause for concern.

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