Regulatory Alerts2020-11-19 | 29781Added · Updated
Internal Capital Adequacy Assessment Process (ICAAP) Guideline
Financial institutions in Trinidad and Tobago must implement an Internal Capital Adequacy Assessment Process (ICAAP) that is proportional to their nature, scale, and complexity. The guideline requires the ICAAP to be documented, approved by the Board of Directors, and updated regularly to ensure capital levels cover all material risks under both normal and stressed conditions. Institutions must establish robust governance, conduct comprehensive risk assessments including stress testing, and maintain internal controls to support capital planning and decision-making.
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