The ICAAP is an overall assessment of risks that includes quantitative and qualitative factors, against the Capital management of the company to ensure that there is sufficient Capital to cover each risk.The ICAAP is individual to each firm and should allow for flexibility so that it may become more enhanced as the Firm grows. It should be an integral part of the firm’s management process and decision making as it is a forward looking, working document.
The Impact of Data in Technology Today Financial services IT has focused on security and regulatory compliance in recent years. Now, more and more financial service companies are leveraging data in innovation to better serve customers worldwide.
Are You Prepared for the Top Three Compliance Issues?:: No matter what an enterprise’s major market is, it is probably subject to regulatory compliance requirements, such as PCI, SOX, FISMA and HIPAA. PCI requirements in particular demand a high level of auditability and controls. What’s more, regulatory agencies are cracking down with stiff penaltie ..