ECB reminder: clarification on ICAAPs & ILAAPs and respective package submissions

On the 26th of January, ECB published a document that provides more clarification on capital and liquidity management in line with the ICAAP and ILAAP guidelines. It remains banks’ responsibility to determine and apply the most appropriate approach to ensure sound capital and liquidity adequacy assessment processes tailored to their own specificities. Therefore, the document focuses on sound practices instead of setting additional expectations or requirements for banks.

In this alert, you will read more about the key aspects of the document.