Article 79

Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 2 > Section II > Sub - Section 2 > Article 79
Article 79
Credit and counterparty risk
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Competent authorities shall ensure that:
(a) credit-granting is based on sound and well-defined criteria and that the process for approving, amending, renewing, and re-financing credits is clearly established;
(c) the ongoing administration and monitoring of the various credit risk-bearing portfolios and exposures of institutions, including for identifying and managing problem credits and for making adequate value adjustments and provisions, is operated through effective systems;
(d) diversification of credit portfolios is adequate given an institution's target markets and overall credit strategy.