Bb"S Core Risk Management

Website: http://www.bangladesh-bank.org Department of off-site superintendence Bangladesh desire forefront single-valued function Dhaka-1000 DOS Circular No.-02 Date: 15 February 2012 03 Falgun 1418 captain Executives totally Scheduled patoiss 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 blowup 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 invariant vigilance cannot be ignored. Bangladesh Bank has already issued guidelines on lay on the line based capital adequacy, stress testing and managing banking risks in six-spot 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 docum ent should be tempered as supplement to, and not a substitute for, ready core risks guidelines. Banks have to prepare a risk forethought paper and must place the same in the occasional(a) 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 focussing paper.

Banks have to submit risk management papers (hard & nuts 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 guidelin es are available on the website of Banglades! h Bank and shall come into force with immediate effect. Yours sincerely, Enclosure: As preceding(prenominal) (K.M. Gousuzzaman) ecumenical Manager Phone: 7120376 Z¾ Df°f?¯° °¾ ? f°¾ &  f W ZdDEd K& K&& ^/d ^hWZs/^/KE  E> ^,  E