Regulatory Alerts2002-02-22
Added · Updated
Best Practices for Credit Card Operations
The Hong Kong Monetary Authority issued this circular on 22 February 2002 to establish best practices for retail credit risk management within the credit card sector. The document provides comprehensive guidelines for authorized institutions to enhance the operational standards and risk controls of their credit card businesses. It serves as a foundational reference for supervisory expectations regarding credit card operations and is directly related to subsequent updates in the Supervisory Policy Manual.
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