CM-6.1.2
The independent reviews of the credit risk management framework and compliance with Module CM undertaken in accordance with Paragraphs HC-6.6.33 and HC-6.6.34 must cover the following:
(a) The adequacy of internal systems and procedures for identifying, measuring, monitoring and mitigating credit risk;
(b) The appropriateness of the procedures, processes, systems and tools for controlling credit risk;
(c) The credit risk rating and scoring model governance;
(d) The integrity and usefulness of management information reports on credit risk; and
(e) The adherence to credit risk appetite and limits framework, credit risk policies and procedures and compliance with this Module.
Added: June 2022