Regulatory Alerts1994-11-07
Added · Updated
Guideline 5.7.1: Loan Classification System
The Hong Kong Monetary Authority clarifies the classification of loans overdue for short periods under the 'Special Mention' category. While isolated technical delays may be excluded, institutions must exercise prudent judgment and consider broader risk factors before omitting such loans from this category. The guideline mandates that missed payments serve as warning signals for closer monitoring to ensure early detection of potential credit deterioration.
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