BCBS identifies sound practices for bank capital planning

The Basel Committee on Banking Supervision has published a paper titled A Sound Capital Planning Process: Fundamental Elements - Sound practices: see here (pdf). The paper does not provide new capital planning guidance but instead presents examples of sound practices, based on observations at banks. A section in the paper deals with internal control and governance. In this section it is noted that there is considerable variation in how banks structure their capital planning processes; examples of board of directors involvement in capital planning are also included.