Department of off-site superintendence Bangladesh desire forefront Office Dhaka-1000 DOS Circular No.-02 Date: 15 February 2012 03 Falgun 1418
captain Executives All Scheduled Banks in Bangladesh
Dear Sir,
Risk solicitude Guidelines for Banks
You are aware that banks in the financial services attention are facing various challenges attributable to increased rival and expansion of diversified business network. Though Bangladesh has fortunately been spared slightly of the recent worst upheavals that have occurred in other countries, the requirement of constant vigilance cannot be ignored. Bangladesh Bank has already issued guidelines on risk based capital adequacy, stress testing and managing banking risks in six 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 should be inured as supplement to, and not a substitute for, brisk core risks guidelines. Banks have to prepare a risk management paper and must place the same in the periodic 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 management paper.
Banks have to submit risk management papers (hard & batty 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 available on the website of Bangladesh Bank and shall come into force with immediate effect.
Yours sincerely, Enclosure: As preceding(prenominal) (K.M. Gousuzzaman) General Manager Phone: 7120376
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