Regulatory Alerts2006-01-05
Added · Updated
Supervisory Policy Manual (SPM): CR-S-5 Credit Card Business
The Hong Kong Monetary Authority issued Supervisory Policy Manual CR-S-5 to establish standards for credit card business management. The document outlines requirements for authorized institutions to effectively manage retail credit risk associated with credit card operations. It serves as a regulatory framework to ensure prudent lending practices and risk control within the banking sector.
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