AFB Seminar: ICAAPs and ILAAPs in a post-Basel 3.1 Landscape

As supervisory expectations continue to evolve, banks are under increasing pressure to demonstrate that their capital and liquidity frameworks are robust, forward-looking, and embedded within decision-making. AFB invites members to hear from Grant Thornton’s regulatory experts for a practical discussion on what makes an ICAAP and ILAAP regulator-ready in today’s supervisory environment.

The session will explore how ICAAPs should evolve in response to the post-Basel 3.1 landscape, examine emerging regulatory expectations for both ICAAPs and ILAAPs, and share leading industry practices. It will also address common implementation challenges, covering stress testing, capital and liquidity planning, governance, and the practical actions firms can take to meet increasing supervisory scrutiny.

Why attend?

As regulators continue to raise expectations for capital adequacy and liquidity risk management, banks must demonstrate their capital adequacy and liquidity risk management processes are robust and well-governed. That means stronger ICAAP and ILAAP processes, credible stress testing, and clear links to wider business and recovery planning. This session will give you practical insight into how to meet these expectations and prepare for continued supervisory scrutiny.

Who should attend?

This session will be of particular interest to those in Risk, Finance and Internal Audit professionals responsible for reviewing ICAAP and ILAAP frameworks.

Speakers

Kantilal Pithia, Head of Banking, Grant Thornton

Kantilal leads Grant Thornton’s Prudential Risk Assurance and Advisory services within Financial Services, and has over 30 years’ international experience in finance, risk and compliance. He has worked with international regulators, and focuses on providing practical advice to a diverse range of clients across various financial sectors.

He has led on Skilled Persons s166 reviews and on advisory, covering capital and liquidity requirements, regulatory compliance, risk management frameworks, board governance, regulatory reporting, ICAAP, ILAAP, RRP, Solvent Wind Down Plans, and OCIR across the banking sector. He has helped clients assess the impact of Basel 3.1 on their capital requirements and business strategy, as well as helped asset managers and investment firms implement and comply with MIFIDPRU requirements. He engages with Boards, Board Audit and Board Risk Committees, senior executives, and regulators on a regular basis. He has delivered across the financial sector, covering banks, asset managers and investment firms.

Outside of work, He is a keen traveller visiting historical and archaeological sites across Europe and Asia.

John Monglelard, Associate Director

John leads Grant Thornton (UK)’s internal audit reviews of risk management and regulatory frameworks for UK and foreign banks. His work focuses on assessing the adequacy of their risk management processes to identify, measure, evaluate, monitor, and report all material financial and non-financial risks. He evaluates whether these processes are robust and aligned with the regulatory requirements, firm’s risk appetite, risk profile, and prevailing market and macroeconomic conditions.

John has experience reviewing bank stress testing and scenario analysis, ensuring they provide meaningful insights to support strategic decision-making and capital planning. His audits frequently cover bank Internal Capital Adequacy Assessment Processes (ICAAPs), their credit risk frameworks, operational risk frameworks, climate risk oversight, and model risk governance and validation.

John brings 15 years of regulatory experience from the Prudential Regulation Authority (PRA), where he supervised firms ranging from small foreign banks to large UK systemic institutions, including Nationwide Building Society and Lloyds Banking Group. During this time, he led assessments of governance, internal audit, and risk management for Category 1 firms, with a particular focus on stress testing, ICAAP, and risk governance.

Before joining Grant Thornton, John worked at the Institute of Chartered Accountants in England and Wales (ICAEW), where he led on IFRS 9—the accounting standard for bank credit provisions—deepening his expertise in credit modelling and provisioning frameworks.

Please note you will receive confirmation of your booking via email within 24 hours. Should you not receive confirmation, please contact AFB to double-check if your booking was successful.

Logistics

Fee: Included in AFB membership

Location: Grant Thornton, 8 Finsbury Circus

Date: Tuesday 17 November 2026

Time: 09:00 – 10:30 (Registration, networking and refreshments 08:30 – 09:00)

There will be ample opportunity for questions throughout the session; however, if you would like to submit a question before or have any areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk.

You will receive final event details a week before the event.

Please note that you will only be deemed to have attended (for CPD points) if you have made yourself known at registration and attend 50% or more of the session.