Regulatory Alerts2019-08-29
Added · Updated
Guidelines on Credit Risk Management for Personal Lending Business
The regulator issued these guidelines to establish standards for credit risk management within the personal lending business of all authorized institutions. The document mandates robust internal controls and defines the responsibilities of the risk management function to ensure effective oversight. It serves as a direct update to previous supervisory policies, replacing earlier versions to align with current retail credit risk management practices.
Topics
Share