Regulatory AlertsGPG 220 Credit Risk
The Australian Prudential Regulation Authority issued this practice guide to assist general insurers in complying with risk management requirements regarding credit risk. The document outlines prudent practices for managing credit exposures, including establishing mandates, setting limits for counterparties and industries, and implementing monitoring processes. It also specifies capital adequacy considerations for Category E insurers making loans to related companies and notes that references to the replaced GPS 220 standard should be read as CPS 220.
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