Bangladesh Bank (BB) has asked the scheduled banks to prepare risk management reports on a regular basis and present those at the monthly risk management meeting of the banks.

A circular issued by the Department of Offsite Supervision (DOS) of the central bank on Wednesday, also directed the banks to send the reports to the DOS in every three months.

The circular mentioned that the banks have to face newer challenges as competition had been increasing in the ever-widening banking sector coupled with bit instability due to the external reasons.

Considering the circumstances, the banks must strengthen their risk management efforts and should prepare risk management reports regularly, the circular said.

“And the reports would be the associated with the main risk report of the banks, not the substitute” it added.

The Daily Sun/Bangladesh/ 17th Feb 2012