Govt to form banking regulatory simplification task force: BB governor
The task force will include managing directors from various banks and experts
A banking regulatory simplification task force will be formed to clarify central bank policies and streamline operational processes for banks, Bangladesh Bank Governor Ahsan H Monsur said today (4 March 2025).
He made the announcement during a roundtable titled "Path to Recovery for the Banking Sector," organised by The Business Standard at its office in the capital this morning.
At the roundtable, managing directors of several banks complained that each month, they are required to sign hundreds of reports to be sent to the central bank.
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Additionally, they also say the banks have faced confusion due to multiple directives issued by the central bank over the past few years, making it difficult for them to make timely decisions on various matters.
To address these issues, the governor announced the formation of the banking regulatory task force.
He said it will include managing directors from various banks and experts.
During the session, the governor also instructed Selim RF Hussain, chairman of the Association of Bankers, Bangladesh, and managing director of BRAC Bank, to collaborate with the managing directors of banks and submit their suggestions on regulatory simplification to the central bank.
