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Banking supervision glossary

IAS

International Accounting Standards

IC

internal capital

ICAAP

See

IFRS

International Financial Reporting Standards

ILAAP

See

IMAS

SSM Information Management System

IMI

internal model investigation

Internal Capital Adequacy Assessment Process (ICAAP)

Comprises strategies and processes used by banks to assess and maintain, on an ongoing basis, the amounts, types and distribution of internal capital that they consider adequate to cover the nature and level of the risks to which they are or might be exposed. The competent authorities review the ICAAP as part of the SREP. See also

Internal Liquidity Adequacy Assessment Process (ILAAP)

Comprises strategies, policies, processes and systems used by banks to identify, measure, manage and monitor liquidity risk over an appropriate set of time horizons, including intra-day, in order to ensure that institutions maintain adequate liquidity buffers. The competent authorities review the ILAAP as part of the SREP. See also

internal model

Any risk measurement and management approach applied in the calculation of own funds requirements that is proprietary to a credit institution and requires prior permission by the competent authority in accordance with Part Three of the CRR.

IPS

institutional protection scheme

IRT

Internal Resolution Team

ITS

Implementing Technical Standards