THE FINANCIAL SECTOR:
KEY SUPERVISORY AND REGULATORY INITIATIVES
     
Content Page
Supervision
Regulation
Risk-based Regulatory Regime
Fine-Tuning Regulatory framework
Ensuring Sound Market Conduct
Innovative Systems for Efficient Payment
and Settlement
 
 
FINE-TUNING REGULATORY FRAMEWORK
 
.
.
Enhancing Regulations for Investment-linked Policies and Unit Trusts . Consolidating Rules on Credit and Charge Cards
.
.
Risk Management Guidelines . Win-win Partnership with Industry
. Divesting Non-financial Businesses
.
Revised Regulations on Credit Files, Grading and Provisioning    
 
Revised Regulations on Credit Files, Grading and Provisioning
 
Revised regulations on credit files, grading and provisioning, were issued for industry consultation in mid 2003. The revisions formalised existing practices on provisioning, valuation of collateral and 90-days arrears rule on loan classification, as well as file maintenance, credit reviews and provisioning requirements for consumer loans. The revised regulations will be issued in 2004.