I worked with senior officials at Bangladesh Bank in developing the framework for the 2025 Bank Resolution Act, which is similar to India’s Insolvency and Bankruptcy Code, 2016, and analogous frameworks in Indonesia and a few other comparable economies.

While Islamic banking’s significant market share and systemic importance within the banking system are often highlighted as notable achievements, a troubling reality undermines this success: a substantial portion of investments in several Islamic banks are non-performing.

Amend Bank Resolution Act to remove clause giving leeway to financial criminals

So much for restoring good governance and holding bank ‘looters’ accountable

 Last week the cabinet of Bangladesh okayed the draft Bank Company Act 2023 with an expressed intention to improve financial governance in our country. It was desired that if implemented properly, it could have major consequences for popularly known willful loan defaulters as well as the way our bank boards are formed and run.

Approval of draft Bank Company Act gives hope but enforcement is key

STANDARD & Poor (S&P), the global rating agency has reaffirmed the 'BB-' long-term sovereign rating for the country.