Regulatory Alerts2001-11-23
Added · Updated
Supervisory Policy Manual CR-G-5: Country Risk Management
The Hong Kong Monetary Authority issues this non-statutory guideline to provide guidance to Authorized Institutions on managing country risk in international lending. The document requires institutions to establish robust policies, internal rating systems, and exposure limits to identify, monitor, and control sovereign, transfer, and contagion risks. It further mandates adequate provisioning for country risk and emphasizes that primary responsibility for these management systems rests with the institution's senior management.
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