The below outlines what should be included within a typical ICAAP Document Executive Summary.
ICAAP Executive Summary:
This section of the ICAAP Document would aim to present an overview of the ICAAP methodology and deciding results. Typically this would include the purpose of the report and which regulated entities are covered by the ICAAP being reviewed.
It would explain the main findings of the analysis of the ICAAP such as how much internal capital the firm considers it should hold a – and what composition – as compared to the Pillar 1 capital resource requirement calculation and the adequacy of the risk management processes of the risk management processes at the firm.
The following items would also usually be covered within the ICAAP Executive Summary:
Financial Positions – this would include details of the firm’s strategic position, the strength of its balance sheet and the firm’s future profitability.
Capital & Dividend Planning – A brief description to include how, and for what purpose, the firm intends to manage capital going forwards
If your firm would like information on our ICAAP support services such as assistance in examining your ICAAP to ensure it is appropriately assessed for your current business plan and activities or assistance in documenting this review, please contact us. Our experienced ICAAP Consultants would be happy to help, so send an enquiry or telephone today.