BANK 4.1.4 Role of governing body — credit risk

A banking business firm’s governing body must ensure that the firm’s credit risk management policy enables the firm to obtain a comprehensive firm-wide view of its credit risk and covers the full credit lifecycle (including credit underwriting, credit evaluation, and the management of the firm’s trading and banking activities).

Derived from QFCRA RM/2014-2 (as from 1st January 2015).