Regulatory Alerts2018-10-08
Added · Updated
DOS Circular No. 04: Risk Management Guidelines for banks
Bangladesh Bank revises core risk management guidelines and supersedes DOS circular No. 02 dated February 15, 2012, and circular letter No. 13 dated September 9, 2015. All scheduled banks in Bangladesh must prepare comprehensive risk management guidelines tailored to their size and complexity, obtain board approval, and submit copies to the Department of Off-site Supervision. Banks are required to reconstruct their risk management organogram, appoint a Chief Risk Officer as head of the Risk Management Department, and review guidelines annually. The circular mandates the submission of specific reports, including soft copies of risk management reports, Board Risk Management Committee minutes, approved Risk Appetite Statements, stress test reports, and policy review reports within stipulated timeframes.
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