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.
CIR
Current
Issue Date:
22 Feb 2002
20020222-3-EN.pdf (716.2 KB)
Topic:
Credit Risk Management - Retail credit risk management
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Archive
22 Feb 2002
Annex - Best Practices for Credit Card Operations
Annex
Archive
22 Feb 2002
Annex - Best Practices for Credit Card Operations
Cross referenced Document
Version History
Superseded Document
You may also be interested in
CIR
Archive
31 Oct 2002
Hong Kong Approach to Consumer Debt Difficulties
CIR
Current
05 Jan 2006
Supervisory Policy Manual (SPM): CR-S-5 Credit Card Business
CPR
Archive
28 Apr 2026
Consultation on revised Supervisory Policy Manual (SPM) modules CR-S-5 on “Credit Card Business”, RR-1 on “Reputation Risk Management” and SR-1 on “Strategic Risk Management” Enclosure 1: Credit Card Business (Consultation)