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HKMA policy for bank credit risk management
Hong Kong Monetary Authority policy sets out main principles for managing credit risk. Banks are expected to have comprehensive credit risk management systems appropriate to their type, scope, sophistication and scale of operations. Banks are to identify, quantify, monitor and control credit risk and ensure that adequate capital resources are available to cover the risk assumed. Addresses credit risk environment, procedures for approving credit, systems for credit administration, measurement and monitoring, and controls over credit risk.
Publisher:
National Regulators
Release date:
Jan 2001
Country:
Hong Kong, China
Type:
Law, Regulation and Policy
Peer:
HKMA Supervisory Policy - Stress-Testing, HKMA Supervisory Policy - Large Exposures and Risk Concentrations
Topics:
Credit risk, Risk management
Sectors:
Banking
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