Regulatory Alerts2019-01-01
Internal Capital Adequacy Assessment Process Guideline
The Central Bank of Barbados issued this November 2019 guideline to require all licensed financial institutions in Barbados to establish and maintain a robust Internal Capital Adequacy Assessment Process. The document mandates that licensees comprehensively identify, measure, and monitor material risks to determine internal capital targets that exceed minimum regulatory requirements. It outlines specific responsibilities for the Board and senior management, emphasizing the need for a forward-looking, proportionate capital plan integrated into strategic decision-making and risk appetite frameworks.
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