PD-1.3.7
Past version: Effective from 01 Oct 2007 to 31 Mar 2008
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The following information relating to the bank's risk management strategies and practices should be included in the Annual Report:
(a) Discussion of the overall risk management philosophy, overall policy and methodologies, the nature of risks in activities and how risks arise in those activities, how (in high-level terms) these risks are managed and controlled; and
(b) Discussion of risk measurement and monitoring processes, the use of risk-mitigating tools (collateral , guarantees, credit insurance, netting agreements, managing concentrations, credit derivatives ), limits (e.g., credit limits, market risk limits), and periodic review of exposures .
October 07