The financial reporting regulatory space in Bangladesh has suddenly turned a little turbulent in recent times, with two of the major actors, the Financial Reporting Council (FRC) and the Institute of Chartered Accountants of Bangladesh (ICAB) engaged in what appears to be a war of words against eac

Last July, the government appointed a chairman for the Financial Reporting Council (FRC). The FRC is a key requirement of the Financial Reporting Act, passed by parliament in 2015. It is largely viewed as an instrument for restoring public confidence in the capital market. Indeed, a number of polic

Recently, the government has approved a proposal to amend the Banking Companies Act of 1991. The newly proposed reforms will result in a two-fold increase in the number of directors -- if the regulatory body relaxes its limit about the aggregate size of the board without taking into consideration t