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Bangladesh Business News
Friday, April 25, 2014 03:09:10 PM GMT +06.00
BB introduces risk management guidelines for banks
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Dhaka, Bangladesh (BBN) - The central bank of Bangladesh on Wednesday introduced risk management guidelines for the commercial banks to manage various risks in a prudent manner, officials said.

The Bangladesh Bank (BB), the country’s central bank, has issued the latest guidelines after introduction of risk-based capital adequacy, stress testing and managing banking risks in six core areas.

The core areas are internal control and compliance risk, foreign exchange risk, credit risk, asset liability management risk, money laundering risk, information and communication technology risk.

“The central bank has prepared the guidelines in line with the Basel-II framework,” a BB senior official told BBN in Dhaka, adding that the guidelines would help mitigate risks in both assets and liabilities of the country’s commercial banks.

 “The document should be treated as supplement to, and not a substitute for, existing core risks guidelines,” the central bank said in its guidelines, issued on the day.

Under the new guidelines, the banks have to prepare a risk management paper and must place the same in the monthly meeting of the risk management unit. The minutes of the meetings should contain specific decisions based on the analyses/recommendations made in the risk management paper.  

The commercial banks have to submit risk management papers (hard & soft 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 of the BB.
 
BBN/SSR/AD-15Feb12-9:00 pm (BST)  

 

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