5.1 Board Responsibility in the ICAAP Process
| No: 291000000581 | Date(g): 22/9/2008 | Date(h): 23/9/1429 | Status: Modified |
Effective from Jan 31 2009 - Jan 30 2009
To view other versions open the versions tab on the right
It is important that an internal capital adequacy assessment process, as an activity, remains the responsibility of senior management and the Board.
In this regard, the board of directors and senior management must be clearly involved in its development, the process itself, and its integration into the ongoing operations and planning. The Board should ensure that the ICAAP is embedded in the bank's business and organizational processes. The Board's responsibility in the ICAAP process must be documented and clarified throughout the organisation.