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POST TIME: 8 November, 2019 00:00 00 AM
TIB seeks neutral commission for banking sector reform
UNB, Dhaka

TIB seeks neutral
commission
for banking
sector reform

Transparency International Bangladesh (TIB) has recommended formation of an independent and neutral commission for the reform of banking sector ‘riddled with corruption and irregularities’. Citing the decision of forming a banking commission as a positive move, TIB Executive Director Dr Iftekharuzzaman, in a press release yesterday, said the formation of a commission under Bangladesh Bank will be pointless.

“According to media reports, the government is going to form a commission under Bangladesh Bank for the banking sector reform. This is a positive move but forming a commission under Bangladesh Bank will be meaningless…,” he said adding that the central bank failed to play an effective role as the regulator of the banking sector which is on ‘the verge of extinction’.