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The Consumer Microfinance Company must prepare a biannual risk report for discussion by the board or the competent committee, if any, after review by senior management. The report must include as a minimum the following:
1.
a comprehensive overview of the risk development and performance of financial positions that incur market price risks as well as any instances in which the limits are exceeded;
2.
changes to assumptions or parameters which form the basis of risk assessment procedures;
3.
the performance of the finance portfolio by activity, risk class and size and collateral category;
4.
the extent of limits granted, external credit lines and default finance, which must be listed and commented on;
5.
analysis of the conditions in which the Consumer Microfinance Company exceeds the limits as well as the reasons for this, the scale and development of new business, and the company’s risk provisioning; and
6.
any major finance decisions which deviate from the strategies or policies of the Consumer Microfinance Company.
