Regulatory Alerts2013-03-01
Added
Monetary Authority of Singapore Guidelines on Risk Management Practices – Credit Risk
The Monetary Authority of Singapore issued these guidelines to establish sound practices for managing credit risk within financial institutions. The document mandates that institutions implement comprehensive risk management frameworks, including defined strategies, independent control structures, and robust credit policies. It further requires rigorous procedures for credit assessment, limit setting, monitoring, and mitigation to ensure timely identification and control of credit exposures.
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