Summarises the main credit risk management principles the other credit modules elaborate: an appropriate credit risk environment (credit risk strategy and policy, risk tolerance and portfolio limits, risk concentrations, new products, delegated credit authority, accountability, staff competence), prudent procedures for approving credits, effective systems for credit administration, measurement and monitoring (loan classification and provisioning), adequate controls (segregation of duties, exception reporting, risk mitigation, independent audit) and the role of supervisors. Classification: a statutory guideline issued by the Monetary Authority under the Banking Ordinance §7(3); version V.1, 19.01.01; applies to all AIs.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.