Bb"S Core Risk Management

Website: http://www.bangladesh-bank.org Department of off-site superintendence Bangladesh desire forefront tycoon Dhaka-1000 DOS Circular No.-02 Date: 15 February 2012 03 Falgun 1418 captain Executives entirely Scheduled argots in Bangladesh Dear Sir, Risk solicitude Guidelines for Banks You argon aware that banks in the financial services attention are facing various challenges attributable to increased rival and elaborateness of diversified business network. Though Bangladesh has fortunately been spared slightly of the late(a) worst upheavals that have occurred in other countries, the requirement of continuous vigilance cannot be ignored. Bangladesh Bank has already issued guidelines on put on the line based capital adequacy, stress testing and managing banking risks in sextet core areas. With a view to managing various risks in a prudent manner, scheduled banks are hereby instructed to act on the attached risk anxiety guidelines. The document shoul d be indurate as supplement to, and not a substitute for, zippy core risks guidelines. Banks have to prepare a risk anxiety paper and must place the same in the fortnightly meeting of the Risk Management Unit. The minutes of the meetings should contain ad hoc decisions based on the analyses/recommendations made in the risk centering paper.

Banks have to submit risk management papers (hard & whacky copies for successive months of each quarter) along with the minutes of the meetings within 10 days of each quarter end to the Department of off-site Supervision. This circular along with the guidelines are avail able on the website of Bangladesh Bank and s! hall come into force with immediate effect. Yours sincerely, Enclosure: As preceding(prenominal) (K.M. Gousuzzaman) familiar Manager Phone: 7120376 Z¾ Df°f?¯° °¾ ? f°¾ &  f W ZdDEd K& K&& ^/d ^hWZs/^/KE  E> ^,  E