These Guidelines introduce a common approach and specify what information regarding internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP) Competent Authorities should collect from institutions in order to perform their assessments of ICAAP and ILAAP frameworks as well as the reliability of ICAAP and ILAAP capital and liquidity estimates in a consistent manner following the criteria specified in the European Banking Authority (EBA) supervisory review and evaluation process (SREP) Guidelines.
In particular, Competent Authorities should collect the following:
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general information about ICAAP and ILAAP frameworks, business model and strategy, as well as governance arrangements,
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ICAAP-specific methodological, policy and operational information;
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ILAAP-specific methodological, policy and operational information, and
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management conclusions on ICAAP and ILAAP and quality assurance information.
In addition, these Guidelines set the criteria for Competent Authorities to organise the collection of ICAAP and ILAAP information taking into account the principle of proportionality, which is recognised in the Guidelines in relation to the frequency, reference and remittance dates, as well as the scope for the ICAAP and ILAAP information that should be determined in relation to the SREP categorisation of institutions.
The Guidelines do not introduce any new ICAAP or ILAAP assessment criteria, nor any specific ICAAP/ILAAP ‘report'.
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