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      Question

      What doe ‘I’ in ICAAP stand

      for?
      A International Correct Answer Incorrect Answer
      B Indian Correct Answer Incorrect Answer
      C Internal Correct Answer Incorrect Answer
      D Interest Correct Answer Incorrect Answer
      E Integral Correct Answer Incorrect Answer

      Solution

      Internal Capital Adequacy Assessment Process (ICAAP) is part of risk and capital management of a bank. It is a set of activities and processes that includes the current assessment of the bank's risks, how the bank plans to alleviate those risks, and the quantity of current and future capital needed in relation to the bank’s risk profile and further development of risk management systems.

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