rbi speech, 2006-09-26
The additional element which casts some formal responsibility on the banks under the new framework is that banks are required to put in place an effective internal capital adequacy assessment process (ICAAP) which should not only address the 3 major risks (viz. credit risk, market risk, and operational risk) but also other risks for which explicit capital has not been prescribed under Pillar I.
Sentiment: neutral
Topic: mp_interest_rate