Capital Adequacy

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FCA regulated firms need to satisfy Capital Adequacy requirements however, understanding the relevant rules and regulations can be time-consuming and extremely complex. At Thistle Initiatives we have a team of experts who can assist you in understanding and fulfilling your regulatory obligations. Whether you are an investment bank, a fund manager or an insurer we can assist.

We also have vast experience in preparing ICAAPs and ILAA.

ICAAP

The purpose of the Internal Capital Adequacy Assessment Process (ICAAP) document is to keep the firm’s Board informed of the ongoing assessment of the firm’s risks, how the firm intends to mitigate those risks and how much current and future capital is necessary having considered other mitigating factors. The ICAAP document is also used by the firm to outline to the FCA or the Prudential Regulation Authority (PRA) its internal capital adequacy assessment process.

ILAA

The aim of the Individual Liquidity Adequacy Assessment (ILAA) is to help firms ensure they meet the overall liquidity adequacy rule and to enable the FCA or PRA to assess firms’ liquidity more effectively. It is a key tool for demonstrating appropriate liquidity risk management.

If you would like further information on how Thistle can help you, please contact us on 0207 436 0630 or email us on info@thistleinitiatives.co.uk

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