Regulatory Alerts2018-05-09
Added · Updated
Credit Risk Management for Personal Lending Business
The Hong Kong Monetary Authority issued this circular on 9 May 2018 to establish supervisory expectations for credit risk management in retail lending. The document outlines requirements for authorized institutions to implement robust frameworks covering credit origination, monitoring, and collection processes. It serves as a foundational guideline for managing retail credit risk while referencing related policies on credit card business and the Code of Banking Practice.
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