Regulatory Alerts2013-05-14
Added · Updated
DFIM Circular No. 03: Ensuring Structural Safety of the Establishments of Financial Institutions
The document mandates all financial institutions in Bangladesh to ensure the structural safety of their premises following a recent building collapse. Institutions must engage qualified engineers to assess structural integrity and seismic risks within three months, submitting reports to their boards, and repeat these assessments every two years. Additionally, institutions are required to obtain necessary legal approvals for new constructions or leases and regularly conduct emergency preparedness drills, including fire safety and earthquake response training.
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