Regulatory Alerts2022-03-28 | CBE3.5CBE Regulation Book 3.5 - Icaap Requirements Of Pillar Second Of Basel Decisions
The second pillar of Basel II requires banks to conduct an Internal Capital Adequacy Assessment Process (ICAAP) to ensure that they have sufficient capital to cover their risks. The ICAAP should be embedded in the bank's risk management and internal control framework and should be subject to effective internal validation and review by the bank's internal audit function. The ICAAP should be subject to effective supervisory review and challenge by the Central Bank of Egypt (CBE).
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