IBANK 10.2.15 Relation to internal capital adequacy assessment
An Islamic banking business firm must be able to demonstrate to the Regulatory Authority that the firm's ICAAP captures the following specific risks relating to securitisation:
(a) credit risk, market risk, liquidity risk and reputation risk for each securitisation exposure;
(b) potential delinquencies and losses on the exposures;
(c) risks arising from the provision of credit enhancements and liquidity facilities; and
(d) risks arising from guarantees provided by monoline insurers and other third parties.
|Inserted by QFCRA RM/2017-1 (as from 1st April 2017).|