HKMA SPM
Credit risk management (CR-G, CR-L, CR-S) – HKMA SPM

HKMA SPM CR-L-3: Letters of Comfort: BELR Rule 57(1)(d)

What does CR-L-3 require?

Specifies the criteria for accepting letters of comfort for large exposure purposes: application, acceptance criteria, form and contents, the maximum and aggregate lending limits, the factors considered, conditions, review by the MA, and bilateral cancellation or variation of limits and conditions. Classification: a statutory guideline issued by the Monetary Authority under the Banking Ordinance §7(3); version V.2, 27.12.19; applies to locally incorporated AIs.

Maintained by Gerard BlokdykControl text last updated

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