The Department of Risk and Statistics is responsible for embedding Risk Management in all the activities of CySEC, for the coordination of the Risk Based Supervision Framework and for the statistical analysis and research, that will enable CySEC in its supervisory and strategic goals.
The responsibilities of the Risk and Statistics Department mainly comprise of:
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Risk Management - the effective and comprehensive coverage of all types of exposure to risk for CySEC, the prioritisation and management of those exposures in a structured process, as an interrelated risk portfolio and the embedding of risk management as a component of all critical decisions throughout CySEC (Enterprise Risk Management –ERM).
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Coordination of the Risk Based Supervision Framework (‘RBS-F’) -the review and maintenance of the RBS-F so that it is kept up to date and current.
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Statistical Analysis and Research-the generation of information for CySEC about its regulated entities in a reliable and comprehensive way. The main activities include data gathering, statistical analysis and research.
Communication with the Department can be done through the email address: risk.statistics@cysec.gov.cy