Bb"S Core Risk Management

Website: http://www.bangladesh-bank.org Department of off-site superintendence Bangladesh desire forefront authorization Dhaka-1000 DOS Circular No.-02 Date: 15 February 2012 03 Falgun 1418 captain Executives only Scheduled affirms in Bangladesh Dear Sir, Risk solicitude Guidelines for Banks You atomic number 18 aw are that banks in the financial services attention are facing various challenges attributable to increased rival and working out of diversified business network. Though Bangladesh has fortunately been spared slightly of the juvenile worst upheavals that have occurred in other countries, the requirement of eonian vigilance cannot be ignored. Bangladesh Bank has already issued guidelines on fortune based capital adequacy, stress testing and managing banking risks in hexad 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 sh ould be harden as supplement to, and not a substitute for, vital core risks guidelines. Banks have to prepare a risk precaution paper and must place the same in the semiweekly 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 direction paper.

Banks have to submit risk management papers (hard & dotty 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 com! e into force with immediate effect. Yours sincerely, Enclosure: As preceding(prenominal) (K.M. Gousuzzaman) oecumenical Manager Phone: 7120376 Z¾ Df°f?¯° °¾ ? f°¾ &  f W ZdDEd K& K&& ^/d ^hWZs/^/KE  E> ^,  E