ICAAP / ILAA
Internal Capital Adequacy Assessment Process - ICAAP
If you are a BIPRU firm then you are required to complete an ICAAP at least annually to establish your view of the amount of capital the firm needs to hold.
With recent FSA Supervisory experience to offer we are well placed to assist you in preparing and/or reviewing your ICAAP, ensuring it complies with guidelines and ensuring the integrity of the calculation of required capital and the employment of appropriate stress tests. Equally important is the manner in which the document is adopted internally, we can advise on what constitutes a robust ICAAP process, an aspect that has seen much sector-wide criticism from the regulators. Our experience of ICAAP's covers the full range of BIPRU firms, from small Investment Managers to major FTSE 100 firms and Banks.
Individual Liquidity Adequacy Assessment - ILAA
Non-exempt BIPRU firms are required to conduct an ILAA at least annually to establish their view as to the amount of liquidity the firm needs to hold.
With recent FSA Supervisory experience to offer we are well placed to assist you in navigating through BIPRU 12 and preparing and/or reviewing your ILAA, ensuring it complies with guidelines and verifying the completion of Liquidity Metrics Monitor (LMM) forms, 047 & 048 returns, the integrity of the calculation of liquidity ratios, correct allocation of assets and liabilities and of stress tests and ensuring that the requirements for adequacy and quality are met.