Regulatory Alerts2001-01-19
Added · Updated
HKMA Supervisory Policy Manual CR-G-3 Credit Administration, Measurement and Monitoring
The Hong Kong Monetary Authority issues this statutory guideline to specify the components of systems that Authorized Institutions must maintain to administer, measure, and monitor their credit portfolios. The document mandates robust credit administration functions, comprehensive risk measurement methodologies including internal rating systems, and rigorous day-to-day monitoring procedures with defined management information requirements. It further requires institutions to conduct stress-testing to predict portfolio responses to adverse scenarios and implement appropriate remedial actions.
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