Regulatory Alerts2017-01-29
Added · Updated
DFIM Circular No. 01: Call Borrowing Limit Set Based on Equity Instead of Net Asset for Financial Institutions
Financial institutions must now calculate their call market borrowing limit based on equity rather than net assets, increasing the maximum allowable borrowing from 15% of net assets to 30% of equity. Institutions are required to prepare statements of position as of December 31 and submit equity-related data via the Bangladesh Bank web portal by January 25 of the following year, with the initial submission for December 31, 2016 data due by January 31, 2017. This directive replaces all previous instructions on the matter and is issued under Section 18(c) of the Financial Institutions Act, 1993.
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