Regulatory Alerts2012-01-16
Added · Updated
DOS Circular No. 01: Submission of information/statements related to DOS in rationalized input templates through Web Portal
Bangladesh Bank mandates that all scheduled banks submit rationalized input templates (Daily/Weekly/Monthly/Quarterly/Half-yearly) related to the Department of Off-Site Supervision (DOS) exclusively through the Web Portal starting July 1, 2012. A transitional period allows both existing methods and the Web Portal to operate concurrently until June 30, 2012, with initial data submissions due by March 31, 2012. The new Web Portal submission requirement does not apply to information/statements based on audited financial reports, which must continue to be submitted via existing procedures and timelines. Banks are required to obtain the list of relevant DOS statements and soft copies of the required forms from the Department by January 26, 2012.
Department of Off-Site Supervision DOS Circular No. 01 Date: 16 January 2012
To: All Scheduled Banks operating in Bangladesh
Subject: Submission of information/statements related to DOS in rationalized input templates through Web Portal.
This circular is issued regarding the submission of information/statements related to the Department of Off-Site Supervision (DOS) in rationalized input templates through the Web Portal.
The work for the implementation of the Unified Data Collection (UDC) system by Bangladesh Bank for the electronic collection of information from scheduled banks has been finalized. In this regard, the following instructions must be followed to submit the relevant DOS information/statements (Daily/Weekly/Monthly/Quarterly/Half-yearly) to Bangladesh Bank through the Web Portal:
(a) In the matter of starting the submission of UDC-related information/statements, the information/statements based on the reference date of 31 December 2011 must be submitted between that date and 31 March 2012. For the submission of statements for different subsequent reference dates, the existing schedule must be followed.
(b) The list of statements related to the Department of Off-Site Supervision under UDC and the soft copies of the related forms must be collected from this Department by 26 January 2012.
(c) The forms must be filled out correctly and submitted to Bangladesh Bank through the Web Portal on a regular basis.
(d) The existing method/process for submitting statements and the method/process for submission through the Web Portal will remain in effect simultaneously until 30 June 2012. From 01 July 2012, the relevant information/statements must be submitted exclusively through the Web Portal.
(e) The matter of submission through the Web Portal is currently not applicable to the information/statements sent to this Department based on audited financial reports. For the submission of such statements, the existing method and schedule must be followed as usual.
Please acknowledge receipt.
Yours faithfully,
(Signature) (K.M. Gausuzaman) General Manager Phone: 7120376
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.