Regulatory Alerts2022-09-20
Added
ISMD Circular Letter No. 3: Master Circular Regarding Submission of Data to Integrated Supervision System (ISS)
This circular amends previous instructions by removing the requirement for scheduled banks to submit hard and soft copies of training data to the department annually. However, it mandates that scheduled banks continue to maintain in-house training programs for their head office and branch staff in accordance with the attached Master Circular on ISS data submission. Banks must ensure these training activities are sustained under their own management systems.
INTEGRATED SUPERVISION MANAGEMENT DEPARTMENT BANGLADESH BANK HEAD OFFICE DHAKA. Ref No.: ISMD.Circular.03 ISMD Circular Letter No. 3 Date: 05 Ashwin 1429 Bangabda 20 September 2022 AD
To, The Chief Executive Officers All Scheduled Banks operating in Bangladesh.
Dear Sir,
Subject: Master Circular on Submission of Data to Integrated Supervision System (ISS).
Reference is invited to your attention to Paragraph No. 5.2 of ISMD Circular No. 1 issued on 07 September 2020 on the subject above.
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In accordance with the instructions mentioned in the said paragraph, this circular is issued to remind you that scheduled banks must continue to maintain in-house training programs for the staff of their head offices and branches in accordance with the attached Master Circular on ISS Data Submission. Furthermore, hard copies (in accordance with Annexure-3) and soft copies of the training-related information must be submitted to this department by 20 January of the following year via email (ismd@bb.org.bd).
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Now, there is no need to submit hard copies and soft copies of the training-related information to this department annually.
However, in accordance with the attached Master Circular on ISS Data Submission, scheduled banks must continue to maintain in-house training programs for the staff of their head offices and branches under their own management systems.
Yours faithfully,
(Mohammad Selim) Director (ISMD) Phone: 57165901