Regulatory Alerts2019-03-29
Added · Updated
Guide to Enhanced Competency Framework on Credit Risk Management
The Hong Kong Monetary Authority, in collaboration with the Hong Kong Institute of Bankers, has launched the Enhanced Competency Framework on Credit Risk Management to establish core competencies for practitioners in the banking industry. This non-statutory framework defines competency and qualification standards for relevant practitioners, outlining specific training modules, examinations, and certification levels ranging from Associate to Certified Credit Risk Management Professional. Authorized institutions are encouraged to adopt the framework to assess employee competence and support continuing professional development, with provisions for grandfathering existing staff based on experience.
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