Sound administrative and accounting procedures are, in general, a prerequisite for a bank's proper management and control of its loan portfolio. In addition, regarding the identification, recording and reporting of large exposures, the Central Bank instructs banks to set up special mechanisms allowing for a correct monitoring of these exposures. A bank's internal instructions on large exposures should be an integral part of its general credit policy and, therefore, must be approved and appropriately documented by each bank's board of directors or by a similar designated body. The general credit policy instructions must also define the functions and responsibilities of a bank's subsidiaries and branches with regard to lending.

The Central Bank recommends that the accounting procedures and internal control systems of a bank be set up in close co-operation with each bank's external auditors.