ICAAP Submission in 2019 and Internal Audit of BCAR

Deposit taking institutions (DTIs) using the standardized approach to Pillar 1 capital levels will not be required to submit a formal ICAAP for 2019. However, DTIs should continue implementing and updating their ICAAP programs as part of their annual capital planning process. Regarding internal audit review of the 2019 BCAR return, DTIs must submit their audit reports by February 29, 2020.