BSP CIRCULAR NO. 639, S. OF 2009, January 15, 2009
INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS (ICAAP) AND SUPERVISORY REVIEW PROCESS (SRP)
National Administrative Register January 15, 2009
The Monetary Board in its Resolution No. 1684 dated 19 December 2008
approved the attached guidelines on banks’ internal capital
adequacy assessment process (ICAAP) and the BSP’s supervisory review
process (SRP)[*].
approved the attached guidelines on banks’ internal capital
adequacy assessment process (ICAAP) and the BSP’s supervisory review
process (SRP)[*].
The ICAAP guidelines shall apply to all universal banks and commercial banks on a group-wide basis.
Covered banks shall submit a trial “ICAAP Document” to the
appropriate Central Point of Contact Department (CPCD) of the BSP on 31
March 2009.
The attached guidelines shall take effect on 1 January 2010.
Adopted: 15 Jan. 2009
FOR THE MONETARY BOARD
(SGD.) AMANDO M. TETANGCO, JR.
Governor
[*] Text Available at Office of the National Administrative Register, U. P. Law Complex, Diliman, Quezon City