Regulatory Alerts2026-07-21
Added
Guidelines on Internal Control Management System in Banks
Bangladesh Bank issues BRPD-2 Circular No. 03 to replace the 2016 Guidelines on Internal Control & Compliance in Banks, establishing a new Internal Control Management System (ICMS) framework. All scheduled banks in Bangladesh, including conventional and Islamic banks, must implement this system by July 31, 2026. The directive mandates the adoption of the Three Lines of Defense model, strengthens the independence of internal audit and compliance functions, and requires specific reporting mechanisms such as the Annual ICMS Report on Bank Health.
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