DFIM Circular No. 08: Implementation of Basel Accord

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Department of Financial Institutions and Markets Bangladesh Bank Head Office Dhaka-1000. DFIM Circular No. 08 Date : 02 August, 2010 18 Shraban, 1417 Chief Executive Officer/ Managing Director, All Financial Institutions in Bangladesh. Dear Sir, Implementation of Basel Accord. Risk is the vital issue that the Financial Institutions need to address properly to ensure sustainable growth in the financial market. Addressing of risk and prudent management to optimize the same can ensure sustainable growth in the industry. Now it has become obvious for the Financial Institutions to implement the advices as prescribed in the Basel Accord which will act as guide to develop a risk adjusted asset and liability portfolio and capital structure. It has been decided that, Basel II Accord would be implemented in the Financial Institutions from January 2012. In this regard an Action-plan/Roadmap has been prepared. The Action-plan/Roadmap is enclosed herewith for your internal planning and gearing up the efforts for implementing Basel II. Please acknowledge receipt. Encl: As above. Yours sincerely, (Mohammad Masum Kamal Bhuiyan) General Manager Phone: 7120362