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12. Use of the ICAAP within the Bank

No: 581 Date(g): 22/9/2008 | Date(h): 23/9/1429

Effective from Jan 31 2009 - Jan 30 2009
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This area should demonstrate the extent to which capital management is embedded within the bank's operational and strategic planning. This would include the extent and use of ICAAP results and recommendation in the strategic, operational and capital planning process. Important elements of ICAAP including growth and profitability targets, scenario analysis, and stress testing may be used in setting of business plans, management policy, dividend policy and in pricing decisions.

This could also include a statement of the actual operating philosophy and strategy on capital management and how this links to the ICAAP submitted.