2025-04-11
Added · Updated
The Monetary Authority issues non-statutory guidelines for Authorized Institutions on credit risk mitigation using collateral or guarantees. The document defines credit risk mitigants, mandates written management policies approved by the Board, and requires specific controls for loan-to-value ratios, concentration risk, and valuation. It further establishes eligibility criteria for collateral and guarantees, enforceability standards, and procedures for the regular review and release of credit risk mitigants.
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