Regulatory Alerts2018-02-15
Directive No 03/2018 on Internal Capital and Liquidity Adequacy Assessment Processes (ICAAP and ILAAP)
The National Bank of Rwanda issued Directive No 03/2018 to mandate internal capital and liquidity adequacy assessment processes (ICAAP and ILAAP) for all licensed banks operating in the country. The directive requires financial institutions to continuously identify, measure, and manage capital and liquidity risks commensurate with their risk profiles, supported by periodic internal reviews, stress testing, and clear board oversight. Banks must submit annual assessment reports to the Central Bank for supervisory evaluation, with large institutions required to deliver initial documents by July 2018 and all others by March 2019.
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