Banking – Internal Capital Adequacy Assessment Process (ICAAP) document

The Internal Capital Adequacy Assessment Process (ICAAP) allows firms to assess their capital adequacy and requires them to have appropriate risk management techniques in place. This process is summarised in the ICAAP document which should be completed by firms on a regular basis. UK and EU regulators are constantly improving and updating their requirements, increasing the pressure on banks to be aligned with the new regulation. Mazars can help you navigate this complex framework while ensuring you are compliant with regulatory requirements.

The ICAAP document should be written in a format that is easily understood at a high level and it should contain all the relevant quantitative and qualitative information on risk assessment, capital planning and risk management. The aim is to allow firms and regulators to make an informed judgment and decision on the appropriate capital level and the risk management approach.   

Our team consists of experienced professionals with a deep understanding of regulatory compliance and risk management topics and who have supported a wide range of institutions in developing their ICAAP document.

Mazars’ experience, knowledge and commitment to client service enables us to tailor our approach to your unique needs.      

Our team can advise and support you in the following areas:

  • Developing the ICAAP document (including the technical notes related to the methodologies applied to assess the capital requirements)
  • Assessing the ICAAP document’s compliance with regulatory requirements
  • Updating the ICAAP document to align it with regulatory requirements and emerging industry best practices
  • Addressing the regulator’s potential requests

For more information about our capabilities please contact us.