Regulatory Alerts2012-03-22
Added · Updated
Collateral Database
The Supervisor of Banks mandates that banking corporations maintain a computerized database of all collateral received to guarantee customer indebtedness. The directive requires tracking specific high-risk customers and housing loans, including detailed property attributes and valuation metrics such as Loan-to-Value ratios. Banks must classify collateral by type and update the database continuously, allowing index-linked valuations for residential apartments in certain cases.
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