Skip to content


ORX Membership


Risk Management Community

Risk programme

Management, Practice & Framework

Report - Oct 2019

The Internal Capital Adequacy Assessment Process (ICAAP) is an integral regulatory requirement for global financial firms. When assessing capital needs, institutions must consider the impact of economic cycles and sensitivity to other external risks and factors. While some regulatory guidance is available on ICAAP, it is often ambiguous.

The study's main focus is the range of methodologies used when quantifying operational risk capital for ICAAP. Additionally, the full report provides insights into stress testing and reverse stress testing approaches, governance and validation practices, the integration of results into business as usual (BAU) activities, and key industry challenges. 

As regulatory guidance often leaves room for interpretation, this project helped participants understand common practices in the industry, and jurisdictional differences. The report from this study is available to all ORX members.

Gated content start

This resource is only available to ORX members

Interested in reading more?

If your firm is a member of ORX, log in or register to read this resource.

Log into the ORX website

Register for an account


Not a member? Talk to us today to discuss how you could join the ORX community.

Speak to an expert

Find out more about ORX Membership

Gated content stop


Annika Westphal

Annika Westphal

Risk Intelligence and Data Senior Manager, ORX


Become a member of ORX

Book a call to find out how ORX can support operational risk management at your firm.

Talk to us today