Cap. 371 Art. 17CCredit institutions’ internal capital adequacy assessment process.

All credit institutions shall have in place sound, effective and complete strategies and processes to assess and maintain on an on-going basis, the amounts, types and distribution of internal capital that they consider adequate to cover the nature and level of risks to which they are or might be exposed. These strategies and processes shall be subject to regular internal review to ensure that they remain comprehensive and proportionate to the nature, scale and complexity of the activities of the credit institution concerned. The competent authority shall issue a Banking Rule providing for, the internal capital adequacy assessment process that has inter alia to be maintained by credit institutions in relation to their risk profile.