Regulatory Alerts2013-09-25 | 131856Regulation on Minimum Requirements for Credit Risk Management in Islamic Banking and Financing Operations
The National Bank of the Kyrgyz Republic issued this regulation to establish minimum requirements for credit risk management in commercial banks and microfinance companies conducting Islamic banking operations. The document mandates the development of internal policies, Shariah compliance, and specific risk assessment methodologies, including debt burden ratios for consumer financing and stress testing. It further requires the Board of Directors to oversee financing strategies, ensure proper segregation of duties, and maintain comprehensive databases for assets carrying credit risk.
Share