KISMET CONSULTING MAKE THE FUTURE HAPPEN
About
Kismet is a leading organization in virtual assets rating, focused on creating value through thought leadership. Kismet’s methodologies and rating solutions, help countries and Virtual Asset Service Providers (VASP) to increase trust and credibility and enable stakeholders to identify opportunities, manage the risks of doing business with Virtual Assets (VA), and make better decisions.
The Kismet people come from diverse generations and have varied cultural backgrounds. They have solid academic and distinct professional experience. Together they identify risks that countries and VASP are exposed to and design solutions to manage them in a sustainable manner
COMPREHENSIVE RISK RATING SUITE TO FOSTER THE CREDIBILITY OF VIRTUAL ASSETS SERVICE PROVIDERS IN GLOBAL MARKETS
APPROACH
The conceptual framework
In the conceptual framework, the different concepts related to VA and VASP are defined, to facilitate a broad understanding about complex concepts, by providing a common language, between the different key actors and between them and all the other stakeholders.
The recommendations
The recommendations establish the basic principles for the implementation and management of a VA ecosystem, at strategic, legal and regulatory level, as well as regarding operational and risk management, aiming for medium and long-term sustainability.
The Risk Assessment Methodology
The risk assessment methodology defines the set of rules to be applied to assess the correct adoption and implementation of the recommendations.
The rating methodology
Pathway to rating
Your VASP’s pathway to receiving a rating could vary based on different factors, namely company size, industry and services provided.
- Introductory meeting
Explanation by Kismet’s team of the rating assignment process and its different stages.
- First request for information
Questionnaire sent by Kismet to be completed by VASP, aiming to obtain the specific characteristics of the organization and to adapt the survey to the specific context.
- Formal kick-off
Kick-off meeting of the rating process with definition of specific steps and respective timetable.
- Kismet survey
Survey sent by Kismet to be answered by the VASP.
- Exploratory bilateral
Meeting for joint discussion of survey responses.
- Evidences sent by the VASP to Kismet
Submission of evidence by VASP to Kismet to support survey responses.
- First analysis risk quantification
Quantification of inherent and residual risk, by Kismet, according to the respective risk assessment methodology.
- Second exploratory bilateral
Meeting for joint discussion of the risk assessment.
- Rating report
Elaboration of the rating report by Kismet.
- Third exploratory bilateral
Meeting for joint discussion of the draft version of the report.
- Rating results
Delivery of the final report and rating result.
This is a process that typically takes about six to 12 months, and in some cases, this period may exceed this period due to the size of certain VASP.
memberships
