Regulatory Alerts2017-02-08
Added · Updated
SFD Circular No. 02: Guidelines on Environmental & Social Risk Management (ESRM) for Banks and Financial Institutions in Bangladesh
The Guidelines on Environmental & Social Risk Management (ESRM) replace the previous Guidelines on Environmental Risk Management (ERM) for all scheduled banks and financial institutions in Bangladesh. The new framework expands the scope to include social risks, introduces a quantitative risk rating system, and mandates the establishment of an Environmental and Social Management System (ESMS). Implementation began with a phase-in period during 2017, with full enforceability under the Bank Company Act, 1991 and Financial Institutions Act, 1993 commencing on January 01, 2018.
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