BSP Rules on Banks Internal Credit Risk Rating

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BSP CIRCULAR NO. 439: BSP Rules on Banks Internal Credit Risk Rating

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Title Source: Supreme Court: BSP Rules on Banks Internal Credit Risk Rating

Law: Bsp Circular No. 439

Decision Date: Jul 5, 2004

BSP Circular No. 439 mandates all universal and commercial banks to establish a formal internal credit risk rating system for corporate credit exposures, ensuring sound credit risk management through rigorous operational and technical standards, with compliance deadlines and penalties for delays.

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