The EACB appreciates the initiative of the SSM to encourage open feedback on the supervisory expectations for the ICAAP and ILAAP

The EACB appreciates the initiative of the SSM to encourage open feedback on the supervisory expectations for the internal capital and liquidity adequacy assessment processes (ICAAP and ILAAP). We welcome the recognition of the fact that ICAAP and ILAAP are primarily internal processes for which the institutions’ perspective is the founding building block. We believe that some adjustments are still necessary in order to emphasize this aspect further and in order to avoid any one size fits all approach.