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I believe that Pillar II regulation encompasses more than supervisory review. Banks are expected to provide their own estimates of capital (not risk parameters to be used in the reg formula - refer to http://www.bankofengland.co.uk/pra/Pages/publications/icaap.aspx). If I am not wrong that...

Brian, Pillar II of Basel requires from banks to provide their own estimates of required capital ( Internal Capital Adequacy Assessment Process) which sounds a lot like EC.

David, I am a little bit confused as to what are the differences between the Internal Capital Adequacy Assessment Process (ICAAP- Pillar 2) capital and Economic Capital (if any). Can you please provide some explanation on that? Thank you, Nick

Nicole, Thank you for your feedback. The posted material is great; looking forward to the rest of the stuff. I will soon decide what I can do with the GARP books. Thank you again. Best, Nick

Hello Shakti, I have purchased the BT level2 FRM material and was about to buy the GARP official books, and I noticed your comment. There are some chapters in the material that are not covered by BT (e.g. the last Hull paper in the market risk section). People in the forum mentioned that the...