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Bangladesh Bank to introduce ‘Inter-bank transaction matrix’

imagesDHAKA, DEC 19: With an aim to prepare banks and non-bank financial institutions (NBFIs) for withstanding financial crisis and make them aware of potential threats, endogenous or exogenous, Bangladesh Bank (BB) is going to introduce “Inter Bank Transaction Matrix” from January, 2014. The Financial Stability Department of BB issued this circular on Wednesday, which will be applied for all scheduled banks and NBFIs in the country.
It is a monitoring tool to be used to observe liquidity management of banks and NBFIs.

This matrix would help in finding such institutions and give early warning signals for safeguarding financial institutions as well as the system from liquidity stresses in financial institutions and the inter bank market.

It will also uncover the interrelation and interdependence in the inter bank market. In this regard, a ‘Data Template’ and a ‘User Manual’ have been prepared.

It has been decided that all scheduled banks and NBFIs will start monthly reporting henceforth as per the user manual and specified data template (input format), contained in a Compact Disk (CD), within six (6) working days after the end of each month. Initially, banks and NBFIs will submit appropriately filled data in separate data templates for the months of July to December, 2013 (6 individual months) within 28 January 2014.
They have to collect the CD from the Financial Stability Department of BB within January 2, 2014. From January 2014 and onwards, they will submit the template within the aforementioned deadline.

Banks and NBFIS have to submit only the soft copy of the template through email to the general manager of the Financial Stability Department ( gm.fsd@bb.org.bd). They are not required to submit a hard copy of the template.

The filled in template should be sent from the official email address of concerned bank or NBFI, preferably from head of treasury or compliance.


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