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HSBC PB: 2020 was a year for prudent risk management to shine in lending

The fact that there weren’t any material margin situations in 2020 is a good demonstration of how prudent credit underwriting, continuous client engagement and risk management discipline can “fend off credit risks”, noted Jyrki Rauhio, regional head of credit advisory, HSBC Private Banking, Asia. The COVID-19 pandemic has seriously hampered the real economy worldwide, and has made the ability to…

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