The second pillar of revised regulatory framework relates to the supervisory review and evaluation process (“SREP”). This process seeks to encourage improvements in risk management by linking regulatory capital requirements to the firm’s internal capital adequacy assessment process (“ICAAP”) and the soundness of its internal control structures.
We assist our clients in establishing their ICAAP by providing various levels of support, ranging from high-level external reviews to in-depth process readiness assistance or from support in alignment with group-level standards to the initial establishment of a regulatory compliance ICAAP framework.