Regulatory Alerts2012-09-24
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FSD Circular No. 01: Submission of Stress Testing Report
The Financial Stability Department assumes responsibility for all stress testing activities of scheduled banks in Bangladesh, replacing the Department of Off-site Supervision. Scheduled banks must submit stress test statements to this department within the month following each quarter. All other instructions from DOS Circular No. 1 dated 23 February 2011 remain effective, and this circular takes immediate effect.
Website: www.bangladesh-bank.org www.bangladeshbank.org.bd Financial Stability Department Bangladesh Bank Head Office Dhaka FSD Circular No. 01 Date: 24 September, 2012 09 Ashwin, 1419 Chief Executives All Scheduled Banks in Bangladesh Dear Sir, Submission of Stress Testing Report Please refer to DOS Circular No.1, dated 23 February, 2011 by which “Revised Guidelines on Stress Testing” was issued to ensure the soundness and sustainability of the banking industry and make the banks more shock resilient. It has been decided that henceforth all the activities regarding stress testing of scheduled banks will be carried out by this department in lieu of Department of Off-site Supervision.
Henceforth, the scheduled banks have to submit the stress test statements to this department within the following month after each quarter. All other instructions stated in the DOS Circular No.1, dated 23 February, 2011 will remain effective. This Circular shall come into force with immediate effect. Yours sincerely, (Debashish Chakrabortty) General Manager Phone: 9530279
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