Regulatory Alerts2015-03-27
Added · Updated
Practice Note on Credit Risk Management for Loans to the Corporate Sector
The Hong Kong Monetary Authority issued this practice note to require Authorized Institutions to enhance risk awareness and controls for increasingly sophisticated corporate loan products. It mandates comprehensive multi-dimensional risk assessments, borrower-specific credit evaluations, and strict adherence to prudent underwriting standards for both direct lending and collaborative arrangements. The document further stipulates that institutions must maintain adequate expertise, implement robust checks and balances, and obtain legal confirmations for cross-border collaborations to ensure regulatory compliance.
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