Regulatory Alerts2019-06-20
Added · Updated
BRPD Circular Letter No. 12: Guidelines on Internal Credit Risk Rating Systems for Banks
The document partially revises the 'Guidelines on Internal Credit Risk Rating Systems for Banks' to enhance the effectiveness and timeliness of banks' credit risk management. It extends the simultaneous implementation period for the revised guidelines and the associated model from June 30, 2019, to September 30, 2019, while mandating that the newly formulated guidelines and model become fully mandatory for implementation starting October 1, 2019. This directive applies to all scheduled banks operating in Bangladesh.
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