The Central Bank may issue such prudential standards as may be required from time to time for giving effect to the provisions of this Act, and without limiting the generality of the foregoing, may issue prudential standards respecting —
(a) policies, practices and procedures for evaluating —
(i) the quality of assets, including off-balance sheet items,
(ii) the adequacy of asset loss provisions, and
(iii) asset loss reserves;
(b) a system of asset classification, provisioning and write-offs;
© the method of valuation of collateral;
(d) rules for non-accrual of income on non-performing or impaired assets;
© the suspension and reversal of accrued interest;
(f) policies, procedures and systems for identifying, monitoring and controlling country risk, transfer risk, market risk, liquidity risk, interest rate risk, operational risk, and such other risks as the Central Bank shall specify;
(g) liquidity requirements and ratios;
(h) treatment of assets and investments;
(i) treatment of loans and other credit facilities;
(j) related party transactions;
(k) accounting policies;
(l) auditors;
(m) disclosure;
(n) anti-money laundering and combating the financing of terrorism matters;
(o) corporate governance matters of a licensed financial institution and a licensed financial holding company to ensure prudent operations, including with out limitation matters relating to the scope and nature of the duties of directors; executive compensation; requirements for audit and other specific committees of the board; responsibilities of key management personnel; risk management; internal audit; internal controls, and compliance;
(p) capital adequacy requirements and capital ratios to be maintained by a licensed financial institution or licensed financial holding company;
(q) consolidated supervision.