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Certificate in Insolvency case study: Richard Clouter

Author: ICAEW

Published: 25 Mar 2022

Learn how the ICAEW Certificate in Insolvency has aided Richard Clouter in his role as Enterprise Risk Professional, providing risk advisory services to clients in the regulated financial services sector.

Read Richard Clouter’s experience on studying the certificate.

Case study:

In my current job role, I provide risk advisory services to clients in the regulated financial services sector, with a particular focus on capital & liquidity adequacy assessment, commercial credit risk, and other counterparty (third, fourth party) risks. The qualification provided me with a valuable frame of reference, in particular an enhanced understanding of the contractual interfaces between debtors and creditors in distress situations; the roles and responsibilities of key stakeholders; and remedies available for controlled resolution.

The CII syllabus is broad and deep, covering UK legislation, including integration with corresponding EU standards; the role of Government agencies and professional / regulatory bodies; the full spectrum of corporate insolvency interventions spanning liquidation and recovery; balanced coverage of personal insolvency requirements, particularly useful in understanding the impact of insolvency on the behaviours, decisions, and responsibilities of company directors. I was able to complete the study and sit the exam within six months end to end.

Overall, great value and highly recommended.