Regulatory Alerts2024-12-04
Added · Updated
FMA Minimum Standards on the Internal Capital Adequacy Assessment Process (ICAAP)
The Austrian Financial Market Authority (FMA) issued these minimum standards to establish proportional ICAAP requirements for less significant institutions supervised indirectly by the ECB. The document mandates that institutions implement both normative and economic perspectives to ensure adequate capitalization and effective risk management across all material risks. Institutions are required to fully consider and implement these standards by 31 December 2026 to align with the ECB ICAAP Guide and national banking law.
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