Regulatory Alerts2023-09-07
Added · Updated
Complaints Against Debt Collection Agents Employed by Authorized Institutions
The Hong Kong Monetary Authority issued this circular on 7 September 2023 to regulate the conduct of debt collection agents employed by authorized institutions. The document outlines specific requirements and supervisory expectations to ensure that debt collection practices comply with banking conduct standards. It serves as a direct enforcement guideline for all authorized institutions regarding the management and oversight of their debt collection operations.
Topics
Share