57. Competent authorities should ensure that they receive from institutions conclusions of the …

Competent authorities should ensure that they receive from institutions conclusions of the internal capital and liquidity adequacy assessments and their impact on the risk and overall management of an institution, including:

• a. summary of main conclusions on ICAAP and ILAAP in order to form a concise view on the current capital and liquidity position of the institution, its capacity to cover the risks to which it is or might be exposed, and any measures planned by it to ensure that capital and liquidity remain at, or are restored to, adequate levels in the near future;
• b. material changes (made or planned) to the risk management framework based on ICAAP or ILAAP results;
• c. material changes (made or planned) to business models, strategies or risk appetite frameworks based on ICAAP or ILAAP results, including management actions (e.g. changes of risk positions);
• d. material changes (made or planned) to the ICAAP and ILAAP frameworks, including improvements to be introduced following the observation of internal validations, internal audit reports and the outcomes of the dialogue with the competent authorities.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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