ICAAP and ILAAP Implementation and Reporting Consulting
A bank must implement ICAAP in accordance with the second Basel accord. ICAAP ensures that the bank meets capital requirements for Pillar 2 risks such as Strategic, Compliance, Regulatory & Legal risk along with Credit, Market, and Operational Risks. ICAAP consists of internal processes and systems which ensure bank stays solvent in long term covering all of its material risks. Additional to the determination of economic capital consisting of pillar 1 and pillar 2 capital requirements, ICAAP also includes stress tests on various scenarios that could materialize as prominent risks for banks in stressed economic conditions.
Senior management and the Board of Directors (BOD) must be supportive and fully engaged in the process. Development tools are not sufficient to establish a sound ICAAP framework. Experts at Auronova will help you understand the nature of risk and simplify the implementation of your ICAAP framework.
BIZENIUS has proven, practical tools and methodologies to help financial institutions to better define and manage liquidity risk. We have supported institutions in all relevant areas, including:
- Understanding the existing methodology & structuring of ICAAP framework
- Develop action plan and requirements for bank’s overall risk strategy
- Systematic quantification and allocation of capital for all material risks
- Developing / Modifying the ICAAP model inclusive of IRRBB
- Best practices in governance and control
- Internal syndication and training on new tools and policies
- The policy infrastructure: Liquidity Risk Management Policy, Funding Strategy, Liquidity Risk Appetite and Liquidity Contingency Planning, Liquidity stress-testing and reverse stress-testing
- Process documentation and implementation
- Intra-day liquidity risk management
- Identifying unique aspects of bank’s portfolio
- Liquidity buffer optimisation
- ILAAP-ICAAP harmonisation
- Board and Senior Management Workshops
- Risk Appetite Statement –Business Unit Level, Entity Level & Group Level
- Assessment of risk capital for all risks other than Credit, Market & Operational Risks
- Development and validation of risk and stress testing models
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Trusted Clients
Amazing Experience
"We worked with BIZENIUS for our Fresh Graduates Program thru one of our clients. I must say that they are simply amazing. At each step of the sessions, Knowledge Transfer and Practical Learning were emphasized upon, with daily evaluations to verify learning. Happy to say that we are so happy that our partners chose BIZENIUS to deliver this critical session for us. Looking to work together in future."
Sustainable Relationship with BIZENIUS
“It is always a pleasure to work with BIZENIUS. We have been partnering with BIZENIUS since 2016 and we see improvements with each session. The courses are highly Interactive, and their lecturer’s makes it easy to understand the materials. We look forward to working with BIZENIUS on a variety of courses. We are happy with the way this relationship has evolved.”
Practical Approach, Hand on Learning.
“BIZENIUS organized NEBOSH Oil and Gas Certificate for us. The sessions in the preparatory training were well complimented with real life case studies and practical examples. We enjoyed the 5 days training session leading up to the examination. Everything was organized with meticulous details to ensure a great learning experience and success at the examination. Thank you.”
Relevant and Well Organized.
“The training was very well organized. The content was very relevant to my role. The interactive discussion was encouraged, and the trainer was also very knowledgeable of the subject matter. I would recommend this training to all who are involved at some stage of Risk, ICAAP or ILAAP.”
