Is your ICAAP SREP ready? A view from the investment management community

Jun 19, 2017

The UK investment management community came together earlier this month at our annual conference to discuss regulatory, legal and political changes.

Across the board, it was clear that firms have a long way to go to ensure their Internal Capital Adequacy Assessment Process (ICAAP) meets the standards expected by the Financial Conduct Authority (FCA) when it performs a Supervisory Regulatory Evaluation Process (SREP) review.

Less than 15% of those who responded to the poll at our conference indicated they were confident that their firm’s ICAAP is supervisory regulatory evaluation process (SREP) ready. In contrast, nearly six out of 10 indicated they were uncertain of changes in the FCA’s expectations and industry guidance.

What is the FCA looking for?  Click here to view the presentation delivered covering the changes and requirements for senior managers.

You can also read Is Your ICAAP Ready Alert to understand the latest changes and challenges from the regulators on the ICAAP reviews.

Subscribe to our mailing list: