Regulatory Alerts2024-05-13
Added
BRPD Circular No. 12: Core Banking Solution (CBS) Features and Controls, Version 2.0, May, 2024
The updated Guidelines on Core Banking Solution (CBS) Features and Controls (Version 2.0) replace the previous Version 1.0 and become effective immediately, requiring full compliance by all scheduled banks in Bangladesh by 30 June 2025. This update repeals BRPD Circular No. 08 dated 01 December 2016 and establishes a uniform set of minimum requirements for CBS features and controls across general banking, deposits, loans, trade services, treasury, and information security. Banks must assign a team to monitor compliance and submit plans for any non-compliance issues, facing potential penalties for persistent failures.
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