Regulatory Alerts2015-12-23
Added · Updated
BCBS Guidance on Credit Risk and Accounting for Expected Credit Losses
The Hong Kong Monetary Authority issued this circular to inform authorized institutions of the Basel Committee on Banking Supervision's new guidance on credit risk and expected credit loss accounting. The document outlines 11 supervisory principles designed to strengthen credit risk practices and address insufficient credit loss recognition identified during the financial crisis. The HKMA intends to adopt this guidance and encourages all regulated entities to review their credit risk management processes accordingly.
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