Prudential Requirements for Investment Managers: Getting Your ICAAP Right


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“The ICAAP should be a risk management tool used by the firm/group to inform business decisions; it should not be treated purely as a compliance exercise.”

“A significant number of firms submit [prudential] returns that contain inaccurate and/or incomplete data”

 - FCA Dear CEO letters (Prudential Approach for IFPRU investment firms, Quality of Prudential Returns)

Increasingly, the FCA is unhappy with the quality and content of the ICAAP documents that it reviews. As a result, it imposes Individual Capital Guidance, meaning that in some cases firms are forced to double the amount of regulatory capital that they hold. So it is vital that firms get their ICAAP right first time. This training session will assist you in ensuring that your ICAAP covers all relevant areas and that you document your approach to the standard expected by the FCA.

Who should attend

  • Senior Managers
  • Risk
  • Finance
  • Compliance
  • Legal

Please see below for a full overview of the session.