Regulatory Alerts2015-08-24
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Practice note on credit risk management for loans to the corporate sector
The Hong Kong Monetary Authority issued a practice note to elaborate on credit risk management principles for corporate loans, aiming to promote sound industry practices without introducing new regulatory requirements. The document clarifies that authorized institutions may adopt alternative risk management approaches if they demonstrate equivalent effectiveness to the HKMA. Additionally, the regulator intends to regularly update the guidance and encourages the establishment of industry committees to collaborate on addressing evolving credit risks.
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