Case of NBR

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III. Legal basis for ICAAP, ILAAP and SREP (9)‣ The banking law requires that NBR uses the SREP approach, which includesprovisions on corporate governance.‣ At the institution level, SREP guidelines require that the following aspects bereviewed: overall internal governance framework; corporate and risk culture; organization and functioning of the management body; remuneration policies and practices; risk management framework, including ICAAP and ILAAP; internal control framework, including internal audit function; information systems and business continuity; and recovery planning arrangements.‣ The SREP establishes the expectations for banks to fully consider all risks tocapital within its ICAAP and to liquidity in the ILAAP24
IV. ICAAP- NBR approach (1)‣ ICAAP is a key risk-management elements for institutions and supervisors‣ The ICAAP plays a key role in the risk management of credit institutions and inthe SREP‣ Banks use internal capital assessment processes to manage their capital levels‣ It is the responsibility of the institution to ensure that its ICAAP is prudent andconservative and remain comprehensive and proportionate to the nature,scale and complexity of its activities, bearing in mind that proportionality is not to beapplied in a way that undermines the effectiveness of its ICAAP.‣ Bank’s board has the ultimate responsibility for the sound operationand financial condition of the bank‣ The NBR assesses banks’ ICAAPs as part of SREP‣ The SREP is flexible and adjustable to ensure risk-based supervision.‣ Frequency, scope and depth with which the elements of the SREP areassessed can vary, depending on the level of the supervisory engagement(annually according to Romanian framework).25
Page 1 and 2: ICAAP and ILAAPNBR approachLucretia
Page 3 and 4: I. General considerations (1)• Th
Page 5 and 6: I. General considerations (3)• Pi
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Page 17 and 18: III. Legal basis for ICAAP, ILAAP a
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Page 27 and 28: IV. ICAAP- NBR approach (3)‣ NBR
Page 29 and 30: IV. ICAAP- NBR approach (5)Risk typ
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Page 33 and 34: V. ICAAP- questionnaire (2)Informat
Page 35 and 36: V. ICAAP - questionnaire (4)Informa
Page 37 and 38: VI. ICAAP disclosure (2)• The eco
Page 39 and 40: VI. ICAAP disclosure (4)• Economi
Page 41 and 42: VII. ILAAP - NBR approach (2)• Du
Page 43 and 44: VII. ILAAP - NBR approach (4)ILAAP
Page 45 and 46: VIII. ILAAP disclosure (2)Bank has
Page 47: VIII. ILAAP disclosure (4)• The c

Case of NBR

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