Central bank finally adopts a market based exchange rate
“If the market became unstable due to market-based exchange rate, we will intervene,” said BB Governor Ahsan H Mansur.
In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
The need to empower Bangladesh Bank has been overdue
The government and Bangladesh Bank can take temporary control of any scheduled bank if needed by issuing share transfer orders in line with the Bank Resolution Ordinance 2025.
Rising capital shortfall not a good sign
The Bangladesh Bank (BB) has applied to the finance ministry seeking a one-month extension after a majority of banks, including listed lenders, failed to finalise their annual financial statements by the April 30 deadline.
Banks could face financial risks unless immediate climate action is taken, said the Bangladesh Bank (BB) in its first climate stress testing report published yesterday.
It, however, directed banks to ensure that examination centres are duly authorised by relevant authorities abroad.
Central bank finally adopts a market based exchange rate
“If the market became unstable due to market-based exchange rate, we will intervene,” said BB Governor Ahsan H Mansur.
In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
The need to empower Bangladesh Bank has been overdue
The government and Bangladesh Bank can take temporary control of any scheduled bank if needed by issuing share transfer orders in line with the Bank Resolution Ordinance 2025.
Rising capital shortfall not a good sign
The Bangladesh Bank (BB) has applied to the finance ministry seeking a one-month extension after a majority of banks, including listed lenders, failed to finalise their annual financial statements by the April 30 deadline.
Banks could face financial risks unless immediate climate action is taken, said the Bangladesh Bank (BB) in its first climate stress testing report published yesterday.
It, however, directed banks to ensure that examination centres are duly authorised by relevant authorities abroad.
The government is considering out-of-court settlements as an option to recover laundered money from abroad, as the formal legal process is often time-consuming.
