ICAAP REPORT

Structure and writing of a full ICAAP (internal capital adequacy assessment process) and ILAAP (internal liquidity adequacy assessment process) reports for a mid-size UK arm of a NYSE listed financial services company. 2016 Q2

Team of 4 working on this project for Chapelle Consulting:

  • one project lead (Ariane Chapelle)
  • one market risk & risk governance specialist
  • two interns (UCL students)

Project features:

  • Called in emergency for help upon referral of a former client
  • Very tight schedule for a very large task
  • Tasks completed within imparted timeframe, requiring extreme commitment from both the consulting team and the client

Tasks and Deliverables:

  • ICAAP report design, structure and strategy, adapted to the non-bank feature and size of the firm
  • Continuous interaction with the stakeholders, up to Board level (US-based) for full buy-in on results and outcome
  • Internal assessment of all risks: credit, market, liquidity, operational, commercial and all material risks to the firm
  • Evidencing risk identification, assessment and monitoring at the firm
  • Writing of the ICAAP & ILAAP reports
  • Board members meetings for explanations discussions, feedback and buy-in on final message

Image: Chris Roberts

Category

Enterprise Risk Management, KRIs, Risk Appetite, Risk Scales