Regulatory Alerts2023-07-12
Added · Updated
Circular No. 9/2022: Internal Capital Adequacy Assessment Process (ICAAP) Reporting Guide
The Central Bank of Libya mandates Libyan banks to complete the requirements of the Internal Capital Adequacy Assessment Process (ICAAP) reporting guide within three months of the circular's date. The guide establishes the objectives, required steps, risk categories, and structural components for ICAAP reports, including specific liquidity ratios such as the Liquidity Coverage Ratio and Net Stable Funding Ratio. Banks are required to submit these reports for supervisory review and evaluation, with the Central Bank reserving the right to request capital adjustments.
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