Please refer to BSD Circular No. 01 of 2008 regarding the captioned subject.

2. Banks/DFIs are aware that the standardized approaches for Credit and Market Risk and the Basic Indicator/Standardized approach for Operational Risk of Basel-II have been effective from January 01, 2008. Therefore, it has been decided to discontinue the submission of returns under BSD Circular No. 12 of 2004 by banks/DFIs.

3. Banks/DFIs are advised to ensure adherence to requirements of the Basel-II framework and to ensure meticulous implementation both in letter and spirit. It is further advised to continue to submit returns under BSD Circular No. 02 of 2007.

4. All other instructions on the subject remain same.

Please acknowledge receipt.