Article 39
| No: 2/MFC | Date(g): 24/2/2013 | Date(h): 14/4/1434 |
Effective from Feb 24 2013 - Mar 07 2013
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The Finance Company must prepare a quarterly risk report for discussion by the risk and credit management committee and the Board 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 have been 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 and external credit lines; Large Exposures as defined in Article 55 of this Regulation and other significant Exposures, such as default Finance, must be listed and commented on; | |||
| 5. | Analysis of the conditions in which the Finance Company exceeded the limits and the reasons thereof, the scale and development of new business, and Finance Company’s risk provisioning; and | |||
| 6. | Any major Finance decisions which deviate from the strategies or policies of the Finance Company. | |||