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    Question

    What does ICAAP stands for?

    A Indian Current Account Assessment Plan Correct Answer Incorrect Answer
    B International Capital Account Assessment Plan Correct Answer Incorrect Answer
    C International Currency Accounting Audit Principles Correct Answer Incorrect Answer
    D Internal Capital Adequacy Assessment Process Correct Answer Incorrect Answer
    E Internal Currency Accounting Audit Practices Correct Answer Incorrect Answer

    Solution

    Capital Adequacy is the principal message of the Basel II framework. Under ICAAP requirements a bank needs to have in place internal procedures and processes to ensure that it possesses adequate capital resources in the long term to cover all of its material risks.

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