CBUAE Credit Risk Management Standards

STANDARDS

Table of Contents

INTRODUCTION AND SCOPE ... 3 ARTICLE 1: DEFINITIONS ... 3 ARTICLE 2: CREDIT RISK GOVERNANCE ... 3 ARTICLE 3: CREDIT RISK MANAGEMENT FRAMEWORK ... 6 ARTICLE 4: CREDIT RISK OVERSIGHT FUNCTIONS AND ROLES ... 12 ARTICLE 5: CREDIT UNDERWRITING ... 14 ARTICLE 6: DEFINITION OF DEFAULT ... 19 ARTICLE 7: SIGNIFICANT INCREASE IN CREDIT RISK ... 22 ARTICLE 8: RESTRUCTURING ... 25 ARTICLE 9: CLASSIFICATION AND PROVISIONING ... 27 ARTICLE 10: CREDIT RISK MITIGATION ... 37 ARTICLE 11: PORTFOLIO MANAGEMENT AND INTERNAL REPORTING ... 40 ARTICLE 12: NON-PERFORMING ASSETS AND WRITE-OFF ... 42 ARTICLE 13: CREDIT RISK MODELS ... 44

INTRODUCTION AND SCOPE

1. These standards form part of the Credit Risk Regulation and both documents must be read together. All LFIs must comply with these standards, which expand on the regulation. These standards are mandatory and enforceable in the same manner as the regulation.
2. The standards follow the structure of the regulation, with each article corresponding to the specific article in the regulation.

ARTICLE 1: DEFINITIONS

These standards follow the definitions as set out in the Credit Risk Regulation...