Bangladesh Bank directs commercial banks to bolster fire safety measures

Bangladesh Bank has directed all commercial banks to bolster fire safety measures as a precaution following recent fire incidents causing extensive damage to lives, assets, and critical documents.

The central bank's Banking Regulation and Policy Department issued a notification on Tuesday outlining the necessary steps banks must take to ensure fire safety.

It instructed banks to verify and implement effective fire detection systems, including smoke and heat detection mechanisms, as well as fire alarms and extinguishing systems, to prevent fire hazards.

It further mandated the installation of smoke and heat detection systems and fire alarms in all bank facilities.

The directive also asked banks to strengthen overall security at their branches and other establishments.

Banks were advised to engage specialists or expert organisations to identify any security deficiencies and recommend solutions.

The notification also emphasised the need to conduct fire drills and organise localised awareness training.

Banks must carry out fire safety inspections through the Fire Service and Civil Defence Directorate or other expert organisations and take measures based on their recommendations.

The instructions also highlighted the importance of implementing special security measures in sensitive areas, such as server rooms and key IT departments at headquarters.

The directive called for 24/7 CCTV surveillance at critical locations within head offices and branch premises.