Regulatory Alerts2022-01-01
Regulation on Criteria and Method of Risk Management for Factoring Companies
The Croatian Financial Services Supervisory Agency (HANFA) issued this Regulation to establish detailed criteria and methods for risk management within factoring companies, effective January 1, 2023. The document mandates the implementation of comprehensive risk management systems covering credit, market, liquidity, and operational risks, including strict exposure limits and internal governance structures. Factoring companies are required to adopt internal policies, define risk strategies, and submit compliance reports to the regulator within specified transitional periods.
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