BANK 4.3.4 Policies — problem assets

A banking business firm’s credit risk management policy must facilitate the firm’s collection of past-due obligations, and its management of problem assets through:

(a) monitoring of their credit quality;
(b) early identification and ongoing oversight; and
(c) review of their classification, provisioning and write-offs.
Derived from QFCRA RM/2014-2 (as from 1st January 2015).