Update and issue revised prudential guidelines for banks in line with the 2019 Banking Act, to strengthen the regulatory framework for capital adequacy, loan classification and provisioning as well as for credit, market and operational risks
Following an MCM review of the draft prudential guidelines, TA is currently being provided to help the authorities finalize the guidelines. The authorities are expected to, and should be able to, issue the revised prudential guidelines for consultation to the industry before the Board meeting. The SB is reset to September 2022 (see 21 below)