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)^[*] .

The ICAAP guidelines shall apply to all universal banks and commercial banks on a group-wide basis.

Covered banks shall submit a trial œICAAP 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

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^[*] Text Available at Office of the National Administrative Register, U. P. Law Complex, Diliman, Quezon City