147. Where competent authorities identify deficiencies when assessing a credit institution’s credit …

Where competent authorities identify deficiencies when assessing a credit institution’s credit risk practices, they should consider how these deficiencies affect the level of reported allowances and, if the aggregate amount of allowances is not appropriate under the applicable accounting framework, the competent authority should discuss this with the credit institution’s senior management and management body and take further appropriate supervisory action when necessary.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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