Regulatory Alerts2009-10-27
Added · Updated
DOS Circular Letter No. 21: Marking to Market based Revaluation of Treasury Bill and Bond held by the Banking Company
The document clarifies that foreign banks operating in Bangladesh may hold investment securities in excess of the prescribed ratios for capital conservation purposes under Section 13(3) of the Banking Companies Act, 1991. To qualify, banks must declare these securities as both investment securities and capital conservation instruments in their WI-5F returns. The circular stipulates that such securities cannot be pledged for new capital, are excluded from the calculation of liquid and current assets, and must be marked to market at year-end with gains or losses calculated according to DOS Circular Letter No. 05/2008.
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