ICAAP

Firms have been required to perform an ICAAP since 1 January 2008. However the FSA has only developed its expectations of an ICAAP, and best market practice has only evolved, since then.

All firms need to remain alert to the latest expectations and market practices to ensure they get maximum value from the ICAAP process and satisfy the FSA's unwritten requirements.

IMS has been in the forefront of helping firms develop their ICAAP, working with the industry to develop standard documentation and with individual firms to help them adapt these standards to their own business.

IMS is working with many firms to review their ICAAP and to provide the additional qualitative input to ensure it meets the latest best market practice and regulatory expectations.

We are also helping firms implement their ICAAP in order to meet the all-important 'use test' reflecting the need for each ICAAP to be unique and to be part of the management of the business rather than just another regulatory document to be filed away.

If you would like to speak to someone about our ICAAP services please contact Jonathan Wilson on +44 (0)20 7408 2448.