Regulatory Alerts2024-08-20
Guideline on Classification, Provisioning and Write-off of Credit Exposures
The Bank of Mauritius issued this guideline to establish minimum prudential requirements for the classification, provisioning, and write-off of credit exposures across licensed financial institutions. It mandates robust board oversight, standardized risk management frameworks, and clear policies for identifying non-performing exposures, calculating macroprudential and specific provisions, and executing timely write-offs. Effective September 2024, the document supersedes previous impairment guidelines, applies broadly to banks and deposit-taking institutions, and ensures consistent asset quality assessment alongside adequate capital treatment.
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