+6.1 Information on the overall ICAAP framework
---+29. On the scope, the general objectives and the main assumptions underlying ICAAP, competent …
---+30. On evidencing the implementation of the scope, the general objectives and the main assumptions …
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6.1 Information on the overall ICAAP framework
6.1.1 Methodology and policy documentation
1. Overview
| Summary |
Regulation |
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29. On the scope, the general objectives and the main assumptions underlying ICAAP, competent …
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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
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30. On evidencing the implementation of the scope, the general objectives and the main assumptions …
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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.
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1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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