Regulatory Alerts2019-06-24
ICAAP Guidelines
The Central Bank of The Bahamas requires all licensed banks and trust companies to develop, implement, and maintain a comprehensive Internal Capital Adequacy Assessment Process (ICAAP) tailored to their specific risk profiles and business plans. The guidelines mandate robust board and senior management oversight, alongside detailed policies covering credit, market, interest rate, liquidity, operational, and reputational risks. Furthermore, licensees must integrate stress testing, continuous monitoring, and internal control reviews to ensure their allocated capital adequately supports current and future risk exposures.
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