Insurance Capital Standard and Internal Capital Adequacy Assessment Process: Difference between pages

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imported>Doug Williamson
(Create page - source - IAIS - https://www.iaisweb.org/page/supervisory-material/insurance-capital-standard)
 
imported>Doug Williamson
(Typo correction 'assesses'.)
 
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''Insurance firms regulation - capital adequacy - International Association of Insurance Supervisors (IAIS).''
''Bank supervision - capital adequacy.''


(ICS).
(ICAAP).


The Insurance Capital Standard is a regulatory capital standard that applies to internationally active insurance groups (IAIGs).
The Internal Capital Adequacy Assessment Process of a bank takes the form of a document which:
*Provides details of how the bank assesses its individual capital needs and manages its capital position; and
*Explains the bank's management and control processes.


It is part of the broader Common Framework (ComFrame) for the Supervision of Internationally Active Insurance Groups.
 
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.




== See also ==
== See also ==
* [[Capital]]
* [[Bank supervision]]
* [[Capital adequacy]]
* [[Capital adequacy]]
* [[Common Framework]]
* [[Governance]]
* [[Insurance]]
* [[Internal Liquidity Adequacy Assessment Process]]
* [[Internationally active insurance groups]]  (IAIGs)
* [[SREP]]
* [[International Association of Insurance Supervisors]]  (IAIS)
* [[Solvency II]]
* [[Standard]]
 
 
==External link==
*[https://www.iaisweb.org/page/supervisory-material/insurance-capital-standard The Insurance Capital Standard - IAIS link title]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 13:42, 11 November 2016

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 assesses 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.


See also