The
Chief Executives,
All Banks / DFIs.
Dear
Sirs/Madam,
ASSESSING
THE FITNESS AND PROPRIETY OF KEY EXECUTIVES
Please
refer to para 1, items (a) to (g) of BPD Circular No. 11
dated April 5, 2003 on the captioned subject.
2. In this connection, it has now been decided to also include
Head of Information Technology in the list of key executives
having functional responsibility to whom “Fit &
Proper Test” shall apply. Accordingly, the revised
list of said key executives would be as follows: -
a) Chief Financial Officer/Head of Finance/Head
of Accounts
b) Head of Internal Audit
c) Country Treasurer
d) Head of Credit/Risk Management
e) Head of Operations
f) Head of Compliance
g) Head of Human Resources
h) Head of Information Technology
3.
The Prudential Regulation G-1 (E) also stands amended accordingly.
All other instructions on the subject shall, however, remain
unchanged.
Please acknowledge receipt.