Title[ Part 3: The Second Pillar - Supervisory Review Process
Section[ Principle 1: 2. Sound capital assessment
731. Fundamental elements of sound capital assessment include:
w Policies and procedures designed to ensure that the bank identifies, measures, and reports all material risks;
w A process that relates capital to the level of risk;
w A process that states capital adequacy goals with respect to risk, taking account of the bank’s strategic focus and business plan; and
w A process of internal controls, reviews and audit to ensure the integrity of the overall management process.
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