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Questions and Answers
What is the purpose of the DOS circular no. 04 issued by Bangladesh Bank?
What is the purpose of the DOS circular no. 04 issued by Bangladesh Bank?
How often are banks instructed to review the risk management guideline?
How often are banks instructed to review the risk management guideline?
What is the role of the board in relation to the risk management guideline?
What is the role of the board in relation to the risk management guideline?
What is the significance of the DOS circular no. 02 dated February 15, 2012?
What is the significance of the DOS circular no. 02 dated February 15, 2012?
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What is the requirement for banks regarding the risk management guideline?
What is the requirement for banks regarding the risk management guideline?
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Study Notes
Risk Management Guideline
- The DOS circular no. 04 issued by Bangladesh Bank aims to ensure effective risk management in banks.
- Banks are instructed to review the risk management guideline at least every three years or as needed.
Board's Role
- The board of directors is responsible for approving and overseeing the implementation of the risk management guideline.
DOS Circular no. 02
- The DOS circular no. 02 dated February 15, 2012, emphasizes the importance of risk management in banks.
Requirements for Banks
- Banks are required to establish a robust risk management system, including a risk management policy, risk identification, risk assessment, risk mitigation, and risk monitoring.
- Banks must also have an independent risk management function, a risk management committee, and a chief risk officer.
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Description
Test your knowledge of risk management guidelines for banks in Bangladesh with this quiz. Explore circulars and letters from the Department of Off-Site Supervision of Bangladesh Bank to understand the regulatory framework governing risk management practices in the country's banking sector.