DHAKA, Jan. 25 (NsNewsWire) — Considering the ongoing challenges arising from increased competition, introduction of new products and services and expansion of diversified financial businesses of Financial Institutions (FIs), Bangladesh Bank has already issued several guidelines and directives on risk management along with five core risk guidelines.
The Integrated Risk Management Guidelines are prepared to involve FIs to adopt improved policies and procedures in line with
international best practices for their risk management framework.
The guidelines will help FIs strengthening their risk management system as a whole.
The guidelines encompass all the probable risks associated with financing companies.
The policies and procedures of the integrated risk management guidelines has been formulated in light with all the earlier guidelines. The guidelines will be treated as supplement to the existing risk management guidelines.
The instructions of these guidelines will come into effect immediately.
Bangladesh Bank Press Release