Wing Hang Bank and S&P Valuation and Risk Strategies will partner to build a framework to strengthen the bank’s risk management practices, The Asset reports. S&P will build a solution for estimating default probabilities of financial institution and sovereign obligors, which will be part of the bank’s implementation of Basel II requirements. The bank continues to expand its implementation of credit analysis and risk management policies to manage credit, market and operating risks. The risk rating models offer transparent and documented process for assessing each institution’s default probability in a consistent and efficient manner.

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