2022-10-27

Added · Updated

Credit Risk Management for Personal Lending Business

The Hong Kong Monetary Authority issued this circular on 27 October 2022 to update credit risk management requirements for personal lending business. It addresses loan classification and provisioning standards alongside retail credit risk management practices. The document applies to all authorized institutions and supersedes previous guidelines from May 2018 and August 2019.

Hong Kong Monetary Authority logo

Hong Kong

Hong Kong Monetary Authority

Click to view full text