Back Custom print Link Text Only Rich Text Print

  • CRA-6.2 CRA-6.2 Counterparty Risk

    • CRA-6.2.1

      Licensees must adequately document the necessary policies and procedures for identifying, measuring, monitoring and controlling counterparty risk. This policy must be approved by the Board of Directors and regularly reviewed by the senior management of the licensee.

      Amended: April 2023
      Added: April 2019

    • CRA-6.2.2

      Among other things, the licensee's policies and procedures must identify the limits it applies to counterparties, how it monitors movements in counterparty risk and how it mitigates loss in the event of counterparty failure.

      Added: April 2019