Central bank adopts direct action strategy to expedite reforms: Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur has said the central bank has adopted a direct action strategy by forming three specific task forces instead of a banking commission so that the country can expedite financial sector reforms.

Describing the financial sector reforms through the banking commission as time-consuming, he said the process would require at least six months for a report and another three months for review.

“Such a delay would leave the country with insufficient time for implementation,” he said while delivering an address as the special guest at MTB-FE roundtable titled 'Banking Sector Reforms’, organised by The Financial Express (FE) at Six Seasons Hotel in Dhaka on Thursday. 

The governor joined the event as the special guest. Finance Adviser Dr Salehuddin Ahmed was the chief guest and Dr Shah Md. Ahsan Habib, Professor of BIBM, delivered the keynote speech.

The session was chaired and moderated by Mr Shamsul Huq Zahid, Editor and CEO of The Financial Express.

Mutual Trust Bank PLC was the title sponsor of the roundtable, while BRAC Bank PLC and NCC Bank PLC were gold sponsors. Trust Bank PLC, Shahjalal Islami Bank PLC, Eastern Bank PLC, and Mercantile Bank PLC were co-sponsors.