Regulatory Alerts2023-11-08
Circular on Risk-Based Supervision Methodology Framework
The regulatory authority issued a circular establishing a risk-based supervision methodology framework that requires supervised entities to undergo periodic risk profiling and proportional oversight. This updated framework mandates revised assessment criteria, enhanced reporting protocols, and targeted interventions to address emerging systemic vulnerabilities. Implemented in October 2024, the circular standardizes regulatory scrutiny to improve compliance efficiency and capital allocation.
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