Govt plans permanent bank reform committee

The government plans to form a permanent bank reform committee in a bid to strengthen the banking system and reduce the risks caused by globalisation, finance ministry officials said.
They also said the government is considering a number of bank reform proposals.
Some parliamentary committees and businessmen have recommended amendment to a number of bank-related laws.
The last caretaker government had promulgated an ordinance amending some clauses of the bank company act, but the present government did not get those passed. The bank reform committee will examine all these matters and make recommendations.
During the past BNP-led four party alliance government, a bank reform committee was formed with Wahiduddin Mahmud as its chief but most of its recommendations remained unimplemented.