RM-2.2.4
(a) An appropriate credit strategy document which includes pricing and tolerance for undertaking various credit risks;
(b) A risk management structure with effective oversight of credit risk management: This includes credit policies and operational procedures including credit criteria and credit review processes, acceptable forms of risk mitigation, and limit setting;
(c) An appropriate measurement and careful analysis of exposures, including market- and liquidity-sensitive exposures; and
(d) A system:
(i) To monitor the condition of ongoing individual credits to ensure the financings are made in accordance with the Islamic bank licensees ' policies and procedures;
(ii) To manage problem credit situations according to an established remedial process; and
(iii) To ensure adequate provisions are allocated in accordance with CBB requirements.
January 2013