central bank
Roadmap for banking reforms: Old wine in a new bottle?
In February 2019, the central bank lowered the timeframe to three years from five years. And what has that achieved?
New monetary policy is appropriate in direction, but inadequate in dosage
Why this behind-the-curve approach to fighting inflation?
‘BB governor worse performer than 70 countries’ central bank chiefs’
New York-based Global Finance magazine finds, reviews performance of central bank chiefs of 102 countries.
Govt keeps borrowing big amounts from BB
The government has kept borrowing a hefty amount of funds from the Bangladesh Bank as commercial banks are unable to meet the financing requirement of the state because of the liquidity crunch.
Central banks and innovation
Fintech innovation, especially innovation in payments -a critical financial service most people use every day—is generating new challenges and often competing priorities for central banks.
Lanka gets 6 more months to repay BB’s $200m
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
Nagad Finance inches closer to running MFS operation
The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services.
BB team was negligent in detecting BIFC irregularities
The central bank’s inspection team did not perform properly to detect the irregularities at Bangladesh Industrial Finance Company (BIFC), a fact-finding committee found.
Govt keeps borrowing heavily from BB
The government continues to borrow from Bangladesh Bank on a large scale as commercial banks are now unable to finance the state due to liquidity crunch.
Dangerously exposed
The recent hacking of the Bangladesh Bank system to steal at least $100 million reveals the vulnerability of the central bank's IT infrastructure, weak operational architecture and probable insider link. The heist also puts to question what kind of network architecture and firewall it has in place. Everybody is talking about malware injection into the BB system but nobody is asking how the malware could enter the supposed-to-be most robust and secure system of a central bank in the first place.
Hackers bugged BB system in Jan
Hackers installed malicious software into the Bangladesh Bank system in January, which helped them gain knowledge of the central bank's working methods before stealing some $101 million. The forensic investigation by the BB, launched soon after the February 4 digital heist, detected the presence of the malware, said finance ministry and BB officials.
Does Bangladesh deserve a higher sovereign rating?
In Fiscal Year (FY) 2014-15, global sovereign rating agencies Moody's, Standard & Poor's and Fitch assigned Bangladesh a 'stable' sovereign credit outlook.
Probe finds more ATM fraud cases
Fraudsters might actually have stolen over Tk 1 crore -- four times the amount initially thought -- from ATM booths of several banks using cloned cards last month, the central bank and investigators say.
Ban 50 dollar notes to tackle crime, ex-bank chief says
Central banks should stop issuing £50, $100 and €500 notes to tackle crime, according to a former bank boss.
Homework for monetary policy
The latest monetary policy, which the central bank governor had announced recently, has passed through the market with a fair amount of approval...
Central bank cuts policy rates
The central bank has cut its policy rates for the first time in three years in an effort to spur investment and the GDP growth.
BB appoints observer in Farmers Bank
Bangladesh Bank (BB) appoints an observer in the board of Farmers Bank in a bid to improve the health of the newly established bank.
BB chief writes to IGP seeking justice for tortured official
Bangladesh Bank governor in a letter called upon the police chief to ensure justice for alleged police torture of an official of the central bank.
A rent seeking policeman!
The horrific experience of an assistant director of the central bank, picked up by a sub-inspector and his cohorts and tortured inside a police...
