
ICARA
Analytics, tools & templates for investment firms
RISK FROM SEVERE BUT PLAUSIBLE SCENARIOS
Calculate the Pillar 2 own funds requirement for the operational risk from hypothetical scenarios.
AGGREGATE SEVERE BUT PLAUSIBLE RISK SCENARIOS
Calculate own fund requirement given that there is correlation between connected scenarios.

ICARA
TEMPLATE
A summary of the key issues to be covered in the Internal Capital and Risk Assessment (ICARA).
MARKET RISK -
LOSSES DUE TO CHANGE IN VALUE
Calculate the Pillar 2 market risk due to e.g. FX movements, change in the value of assets.

OBTAIN CORRELATIONS BETWEEN SCENARIOS
Understand what drives correlations between connected risk scenarios and how sensitive they are.

TEMPLATE FOR SCENARIO ASSESSMENT
A tested and tried template to assess the impact and likelihood from operational risk events.
COUNTERPARTY
RISK - LOSSES DUE TO FAILURE OF C'PARTIES
Calculate Pillar 2 losses to the firm due to failure of counterparties e.g. to settle transactions, make payments, etc.
SET YOUR EARLY WARNING INDICATORS
Set internal early warning indicators at levels appropriate for your business model.

FCA REPORTING FORMS INCLUDING MIF007 in Excel
The FCA's reporting forms for investment firms (MIF007) in Excel format