A good ICAAP should meet the following standards:
- Formalized and documented;
- Sufficiently detailed – estimates current and prospective capital for 3-5 years;
- Subject to internal review and approval by management and the board;
- Comprehensive in coverage of risks (identify and allocate capital);
- Indicative of the interactions between the various risks;
- Relates the financial institution’s capital adequacy goals to risks, strategic focus and business plan;
- Assures the integrity of the overall process;
- Integrates policies and controls for regular validation of the methodology, data, systems and processes;
- Exhibits a simple and intuitive presentation.
JSR has a structured approach to ICAAP that starts with understanding your business:
We have a team of uniquely qualified and experienced ICAAP consultants led by:
Robert Katuntu, CFA, CPA, MBA (+256 786 624855)
Albert Otete, PhD, CPA (+256 772 703444)