Navigating ICAAP challenges: A guide to risk identification, stress testing, and model validation in the UAE

There has recently been increased scrutiny on the Capital Adequacy Assessment Process (ICAAP) by UAE regulators. The ICAAP process is a key activity to ensure banks have sufficient capital to meet their requirements, covering all material risks.

This paper highlights the key challenges banks face in preparing an ICAAP and outlines how banks in the UAE are navigating these challenges to achieve regulatory compliance.

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