Banking supervision glossary

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I

IAS
International Accounting Standards
ICAAP
See
Internal Capital Adequacy Assessment Process (ICAAP)
IFRS
International Financial Reporting Standards
ILAAP
See
Internal Liquidity Adequacy Assessment Process (ILAAP)
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
Supervisory Review and Evaluation Process (SREP)
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
Supervisory Review and Evaluation Process (SREP)
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