Regulatory Alerts2010-12-27
Added · Updated
DBI-2 Circular No. 01: Meeting with respective bank regarding compliance of major irregularities/lapses mentioned in the comprehensive inspection report
Scheduled and specialized banks in Bangladesh must appoint a Liaison Officer to attend quarterly review meetings at Bangladesh Bank regarding major irregularities found in comprehensive inspections. Banks are required to submit the Liaison Officer's details, including name, designation, and contact information, to the relevant Banking Inspection Department within 15 days of receiving the circular. The attending teams must bring relevant records and compliance updates to these meetings, and the Liaison Officer must report directly to the Managing Director or Chief Executive Officer on the decisions taken. These instructions come into force immediately.
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