3.4 Supplementary Content Required in an ICAAP Report
C 52/2017 STA Effective from 1/4/2021
145. The following supplementary topics should be documented in the ICAAP report.
(a)
Summary of outstanding findings and required management actions from pertinent assessments, examinations and audits (e.g. current outstanding actions emanating from internal audits, external audits, risk management assessments, capital management reviews, Central Bank examinations, and Pillar 3, etc.), including the status of official actions;
(b)
Key items which warrant immediate Central Bank attention, such as a projected shortfall in regulatory minimum capital amount; a breach in outlier status under IRRBB, and any other material risks;
(c)
A list of the major changes compared to the previous ICAAP report, e.g. changes in data, MIS, organisation, process, and methodology; and
(d)
Key actions resulting from ICAAP discussions with the Board of Directors, in the form of meeting minutes included as an Appendix. (Relevant evidence should be made available upon request).