BB seeks banks' opinions on Basel-II
Friday, 26 December 2008
FE Report
The central bank has sought opinions from commercial banks to finalise the draft guidelines on Basel-II by the end of this year, officials said.
The opinions were sought at a meeting held at the central bank Wednesday with Deputy Governor of Bangladesh Bank (BB) Nazrul Huda in the chair.
"The banks have been asked to submit their opinions before December 31 next," a BB senior official told the FE, adding that the central bank would implement the Basel-II framework from early 2009.
The new Basel-II accord has been prepared on the basis of three pillars: minimum capital requirement, supervisory review process and market discipline.
Three-types of risks -- credit risk, market risk and operational risk -- have to be considered under the minimum capital requirement.
The central bank has sought opinions from commercial banks to finalise the draft guidelines on Basel-II by the end of this year, officials said.
The opinions were sought at a meeting held at the central bank Wednesday with Deputy Governor of Bangladesh Bank (BB) Nazrul Huda in the chair.
"The banks have been asked to submit their opinions before December 31 next," a BB senior official told the FE, adding that the central bank would implement the Basel-II framework from early 2009.
The new Basel-II accord has been prepared on the basis of three pillars: minimum capital requirement, supervisory review process and market discipline.
Three-types of risks -- credit risk, market risk and operational risk -- have to be considered under the minimum capital requirement.