Internal Capital Adequacy and Risk Assessment (ICARA).
We design ICARA processes that are practical, proportionate, and fully embedded into day-to-day risk management. Rather than treating prudential risk assessments as a one-off compliance obligation, we ensure the ICARA reflects your risk profile and supports a more dynamic, resilient approach to capital planning.
Whether building your ICARA from scratch or refining an existing framework, we offer tailored support, aligned to your firm’s risk profile and regulatory environment.
A BLUEPRINT FOR MASTERING ICARA.
The FCA is clear – the ICARA is more than a one-off compliance task and must be treated as a live process and integrated into everyday risk management and governance. Cosegic guides firms through this process by offering everything from comprehensive ICARA reviews and practical recommendations to hands-on workshops and structured templates.
To accurately align your ICARA with industry standards, we offer sector benchmarking that compares your financial resources against peers based on business model, scale, and complexity. This helps you avoid positions that are out of step with the market and therefore more likely to invite scrutiny. The result is a documented ICARA process that not only meets regulatory expectations but enhances risk management and strengthens strategic resilience.
Rule the…
RIGOUR
A robust ICARA development process, designed and delivered by Cosegic’s financial resilience experts ensures every component of your assessment is well-defined, clearly evidenced and regulator-ready.
READINESS
Through expert-led workshops, we guide firms in developing their risk assessments, offering hands-on support in modelling scenarios and conducting stress testing.
REFINEMENT
We review and refine your final ICARA and MIF007 return, ensuring they align with regulatory standards and accurately reflect your firm’s risks.
