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CM-1.2.19

Conventional bank licensee’s credit risk framework must address all credit and credit risk related activities throughout the credit lifecycle covering matters of significance including, but not limited to:

(a) Organisation and reporting structure of the credit risk function/activities;
(b) Delegation of authority;
(c) Role of credit committee and Board risk committee;
(d) Designated markets and products;
(e) Credit limit framework;
(f) Desirable pricing levels and criteria;
(g) Policy on country and transfer risks;
(h) Credit granting criteria and authorisation procedures for the advancement of credit, including exceptions to set criteria and limits;
(i) Credit risk analysis, reviews and credit risk ratings;
(j) Assessment of concentration;
(k) Large exposure policy;
(l) Lending to connected counterparties;
(m) Problem credit identification, remediation and administration;
(n) Policies and procedures on write-offs and recoveries;
(o) Monitoring and reporting.
Added: June 2022