In 2026, risk is no longer a department – it is the foundation of financial compliance and corporate resilience. With the full implementation of the Digital Operational Resilience Act (DORA) and the 2026 Prudential Supervision reforms, firms in Cyprus face a choice: view risk as a burden, or use it as a competitive differentiator.
CX Financia provides forward-looking Risk Management solutions for regulated and non-regulated entities. We act as your Outsourced Risk Officer, ensuring that your framework is robust enough to withstand regulatory scrutiny while remaining flexible enough to support high-growth operations.
Our 2026 Risk Management Specializations
As the regulatory environment shifts toward “Risk-Based Supervision,” we focus on the areas that move the needle for your business:
DORA & Digital Operational Resilience
The Digital Operational Resilience Act (DORA) is now mandatory for all financial entities. We assist in mapping your “Critical Functions,” testing your IT security, and establishing the third-party risk management frameworks required to prevent digital disruption.
ICAAP & ILAAP (Capital & Liquidity Adequacy)
We specialize in the preparation and review of the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP). We ensure your capital levels are optimized—neither so low they trigger “Red Flags” nor so high they stifle your growth.
CASP & Crypto-Asset Risk Mitigation
For Crypto Asset Services Providers (CASPs), the risks are unique. We provide specialized advisory on market volatility risk, hot/cold wallet security protocols, and the specific AML/KYC risks inherent in decentralized finance (DeFi).
The CX Financia Risk Advantage
Protect Your Assets
Frequently Asked Questions (FAQ)
Can I outsource my Risk Management function?
Yes. Under CySEC and Central Bank rules, you can outsource the Risk Management Function to qualified external advisors like CX Financia. This provides you with high-level expertise without the cost of a full-time, C-suite executive.
How does DORA affect my existing IT policies?
DORA replaces fragmented national rules with a unified EU framework. It requires more stringent Third-Party Risk Management (vetting your software vendors) and mandatory Incident Reporting within strict timelines. We help you bridge the gap between your current IT setup and DORA standards.
What is the "Risk-Based Approach" in 2026?
The regulator now allocates its attention based on the profile of the firm. A firm with a robust, documented, and proactive risk framework (like the ones we build) often experiences fewer audits and lower supervisory fees.