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Banking Frontiers - - Highlights -

Bangladesh Bank has is­sued new risk man­age­ment guide­lines to counter the grow­ing non-per­form­ing loans and in­creas­ing risk in the coun­try’s bank­ing sec­tor. The cen­tral bank’s off­sight su­per­vi­sion de­part­ment is­sued the cir­cu­lar with a view to strengthen banks’ risk man­age­ment sys­tem. A cir­cu­lar said the new guide­lines will nul­lify ear­lier cir­cu­lars. Un­der the new guide­line, each bank will have to pre­pare a com­pre­hen­sive risk man­age­ment guide­line con­sid­er­ing its na­ture, size and com­plex­i­ties of busi­ness ac­tiv­i­ties. The new guide­line comes into ef­fect im­me­di­ately. Banks will have to get ap­proval on the risk man­age­ment guide­line from the board and must sub­mit a copy to Bangladesh Bank.

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