The ECB has published its ICAAP consultation guide and urges for implementation: the guide will be finalized in the second half of 2018 and enforced in 2019 already as the basis of the banks’ SREP assessment. Thus, the banks must implement it in 2018.
This also means the consideration of future legal projects within the ICAAP planning and in the stress case analysis. Conclusion: Control in the 99% confidence interval is long history and the Basel 3 maxim „Control under stress“ is replaced by „Control under stress – today and in the future“.
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