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Effective from Jun 30 2013 - Jun 29 2013 To view other versions open the versions tab on the right
Such department or unit can be part of the overall risk management function of the bank but should be independent of the loan origination function. This department or unit should be responsible, inter alia, for the following:
a.
Monitoring adherence to the overall risk tolerance limits set out in the Credit Policy of the bank;
b.
Ensuring that the business lines comply with the established credit risk parameters and prudential limits;
c.
Establishing the systems and procedures relating to credit risk identification, internal risk rating approaches, Management Information System, monitoring of loan portfolio quality and early warning;
d.
undertaking portfolio evaluations and conducting comprehensive studies on the environment to test the resilience of the loan portfolio;
e.
Coordinating on remedial measures to address deficiencies/problems in credit portfolio;
