Own Funds Adequacy Monitoring
What this control requires
Calculate and monitor own funds using NBB-approved method. Maintain buffer above regulatory minimum. Establish capital management policy. Report capital adequacy to management monthly and to NBB per reporting schedule. Project capital requirements with 12-month rolling forecast.
Other LOI PI 2018 controls
BEPI-A10-001 - Administrative File Completeness and CurrencyBEPI-A17-001 - Initial Capital Maintenance and MonitoringBEPI-A20-001 - Management Fitness and Propriety ProgrammeBEPI-A21-001 - Sound Governance and Internal Control FrameworkBEPI-A47-001 - Client Funds Safeguarding ControlsBEPI-A53-001 - Risk Management Function ImplementationBEPI-A55-001 - Compliance Function and AML/CFT OversightBEPI-A58-001 - Payment Security Incident Reporting to NBBBEPI-A63-001 - NBB On-Site Inspection ReadinessBEPI-A9-001 - NBB Authorisation — Pre-Application Readiness Assessment