Internal Capital Adequacy Assessment Process
From ACT Wiki
Bank supervision - capital adequacy.
(ICAAP).
The Internal Capital Adequacy Assessment Process of a bank takes the form of a document which:
- Provides details of how the bank assess its individual capital needs and manages its capital position; and
- Explains the bank's management and control processes.
It is approved by the bank's management body, and submitted to the regulator as part of the regulator's capital adequacy supervision of the bank.
