BOT has published policy guidelines on the review of credit transactions of financial institutions. A financial institution can determine the amount and nature of credit to be reviewed in accordance with the nature and risk level of the credit portfolio according to the results of internal risk assessment. The guidelines detail best practices for credit review and stipulate that a credit review agency, which is the Second line of defense, must be independent from the operating entities in connection with credit transactions. The guidelines are relevant for commercial banks registered in Thailand, commercial banks registered in foreign countries, credit foncier companies, and finance companies. The policy guidelines shall come into force from January 01, 2021.
Related Links (in Thai)
Effective Date: January 01, 2021
Keywords: Asia Pacific, Thailand, Banking, Credit Risk, Credit Review, NPLs, BOT
Previous ArticleBoE Publishes Reporting Schedule for Statistical Returns
EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
EBA published a report that examines the convergence of prudential supervisory practices in 2020 and offers conclusions of the EBA college monitoring activity.
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
The Sustainable Finance Taskforce of IOSCO held two roundtables, with global stakeholders, on the IOSCO priorities to enhance the reliability, comparability, and consistency of sustainability-related disclosures and to collect views on the practical implementation of a global system architecture for these disclosures.
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.