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Loan Review Function of DTFCs

Effective from Jan 31 2025 - Nov 08 2020
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34.Every DTFC's loan review function shall ensure that:
 
 i.the loan portfolio and lending function conforms to a sound written lending policy, which has been approved and adopted by the board or its delegated authority;
 ii.management and the board are adequately informed regarding credit risk, among other risks and risk management control effectiveness;
 iii.problem accounts are identified properly and on a timely basis and internally classified in accordance with the classification criteria in these regulations; and
 iv.appropriate and adequate level of provisions for potential loss are made and maintained at all times.