Agency banking framework guidance manual

This shall mean the database of all approved agent banking relationships, locations, agents and principal that exist in the country. Super-Agent A super-agent is an agent that has been contracted by the principal and thereafter may sub-contract other agents in a network while retaining overall responsibility for the agency relationship. Guidance Note for Approval and Operation of Agent Banking Activities of Banks 1. Introduction: Guidelines on Agent Banking for the Banks were issued vide PSD Circular No. 05 dated Decem. The guidelines were issued for promoting agent banking as a complimentary channel for financial inclusion and supervising agent banking of banks. The proposed guidance offers a framework of sound risk management principles to assist banking organizations in managing third-party relationships, and promotes compliance with all applicable laws and regulations, including those related to consumer protection. The proposed guidance takes into account the level of risk, complexity, and size of.

The foundation of operational risk frameworks. Losses attributable to operational risk are a significant factor in Comprehensive Capital Analysis and Review (CCAR) loss projections for many banks. The CCAR process has matured, with regulators and financial institutions learning from each other in an ongoing and reinforcing cycle. This manual provides guidance that describes the general situation in accreditation reviews to enable ANGOs, review teams, the CDC and DFAT to work as consistently as possible within the broader framework of the accreditation process. Guidelines on Agent Banking for the banks - 1 - Guidelines on Agent Banking for the Banks Introduction Agent Banking means providing limited scale banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier.

The objectives of the guidelines are to: • provide minimum standards and requirements for agent banking operations;. • enhance financial inclusion; and. •. This policy document supersedes the Guidelines on Agent Banking issued on by agents, the effectiveness of the risk management framework. AGENT. NETWORK. A network of banking agents. More generally, an agent is any third-party practical guidance to institutions leveraging DFS for greater.