Regulatory Alerts2001-01-19
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General Principles of Credit Risk Management
The Hong Kong Monetary Authority issues this statutory guideline to establish the main principles that Authorized Institutions must follow in managing credit risk. It requires institutions to implement comprehensive systems for identifying, quantifying, and controlling credit risk across all business activities. The document mandates specific controls including defined credit strategies, risk tolerance limits, segregation of duties, and independent audits to ensure prudent credit administration and monitoring.
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