Custom print

CM-1.2.29

Past version: Effective from 01 Jun 2022 to 30 Sep 2022
To view other versions open the versions tab on the right

Conventional bank licensees must set out their policy on country and transfer risks within their Board approved credit risk policy which must be approved by CBB. Such policy must include:

(a) the risk appetite/tolerance levels for country and transfer risks;
(b) country exposure limits;
(c) basis and frequency for periodic reviews and assessments;
(d) the criteria for downgrading a country exposure from Stage 1 to Stages 2 or 3, and related provisioning policy; and
(e) the policy for recategorization of exposure to a higher grade.
Added: June 2022