6.1 Information on the overall ICAAP framework

On the scope, the general objectives and the main assumptions underlying ICAAP, competent authorities should ensure that they receive from institutions the following:

• a. description of the scope of ICAAP including an overview of and reasoning for any deviations from the scope of the entities covered by the minimum own funds requirements;
• b. description of the approach to the identification of risks (including risk concentrations) and the inclusions of identified risks within risk categories and sub-categories to be covered by ICAAP, including the approach to the determination of materiality of risks;
• c. description of the key objectives and the main assumptions of ICAAP (e.g. link to certain external credit ratings) including how these ensure the capital adequacy;
• d. description of whether ICAAP is focused on the risks’ impact on accounting figures or on the economic value of the institution, or both of them;
• e. description of ICAAP time horizon(s), including explanation of possible differences between the risk categories and the entities of the group covered.

6.1.2 Operational documentation

On evidencing the implementation of the scope, the general objectives and the main assumptions underlying ICAAP, competent authorities should ensure that they receive from institutions the following:

• a. list of risk categories and sub-categories covered by ICAAP, including their definitions and perimeter of individual risk categories;
• b. explanations of the differences between the risks covered by ICAAP and the risk appetite framework, where the scope of risks covered is different.
• c. description of any deviations in the ICAAP process and in the key assumptions within the group and the entities of the group, where appropriate.