Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 4.5.1

View whole sectionWhole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) When utilising external credit rating agencies as part of its credit assessment processes, an Authorised FirmG must:
(a) maintain an internal credit grading system; and
(b) stress test its capital position on at least an annual basis to consider the capital implications to the Authorised FirmG of a significant reduction in the credit quality and associated reduction on credit ratings from credit rating agencies for its credit portfolio.
(2) An Authorised FirmG must not solely use external credit rating agency credit ratings as a basis for its assessment of the risks associated with an ExposureG , in particular in respect of a Large ExposureG , and must at all times conduct its own credit assessment of such an ExposureG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]