Disclosure (Pillar 3) : Pillar 3 aims primarily at disclosure of a bank’s risk profile and capital adequacy. It is recognised that the Pillar 3 disclosure framework does not conflict […]
Bank Audit
ICAAP process (Internal Capital Adequacy Assessment Process)
ICAAP process (Internal Capital Adequacy Assessment Process) : The objectives of Internal Capital Adequacy Assessment Process (ICAAP) process are as follows: (i) Create a transparent and consensual general framework […]
Business Environment and Internal Control Factors (BEICFs)
Business Environment and Internal Control Factors (BEICFs) Over a time, the process and the outcomes of BEICFs should be validated through comparison to actual internal loss experience, relevant external data, […]
Qualitative Standard for Operational Risk Management System (ORMS)
Qualitative Standard for Operational Risk Management System (ORMS) : A bank should have techniques for allocating operational risk capital to business lines, among various legal entities and across the banking […]
Essential Data Elements of an AMA Model
Essential Data Elements of an AMA Model : A bank should include in its ORMS the use of the following four AMA elements: internal data; relevant external operational […]
Capital to Risk-weighted Assets Ratio (CRAR)
Capital to Risk-weighted Assets Ratio (CRAR) The RBI requires banks to maintain a minimum CRAR of 9 per cent on an ongoing basis. The Master Circular on Capital Adequacy contains […]
Capital – What Constitutes Tier 1 and Tier 2 – a Representative Sample
Capital – What Constitutes Tier 1 and Tier 2 – a Representative Sample The Master Circular on Basel III Capital Regulations discusses the capital funds in two categories – […]
Board Oversight
Board Oversight : The board of directors and senior management of each subsidiary/overseas branch should be responsible for conducting their own assessment of the subsidiary’s/overseas branch’s operational risks and controls […]
Branch Service Tax
Branch Service Tax General Whether the branches have followed the proper procedure? If any discrepancy is noticed by the branch auditor, the same has been properly considered at the […]
FATCA /CRS
FATCA /CRS Foreign Account Tax Compliance Act (known in short as FATCA) is a legislation to counter tax evasion in the United States of America (USA) FATCA was introduced by […]