close
Share with your friends

Covid-19 and geopolitical tensions have undoubtedly brought a lot of challenges to the banking industry, especially to the business and credit environments. Executives from the Hong Kong Monetary Authority (“HKMA”) have shared in various occasions credit risk management has been and will always be one of the key regulatory focuses, with consideration of an appropriate balance between credit risk management and supporting the community. We are seeing an increasing trend of regulatory reviews and actions taken on banks in relation to credit management systems and internal controls by the HKMA.

It is imperative for banks to ensure sound credit risk management systems and internal controls are in place to cover risk assumed, even under the new ways of working.

Connect with us