The Bangladesh Bank (BB) has constituted a four-member committee to evaluate qualifications of managing directors (MDs) and chief executive officers (CEOs) in banks before their appointment and re-appointment.
Issuing a circular on Sunday, the BB stated that the deputy governor tasked with the charge of banking regulations and policy department (BRPD) will be the chairman of the committee.
The executive directors taking care of the BRPD and the department of offsite supervision (DOS) are members of the committee.
And the BRPD (division-II) director has been made the member secretary of the committee, the circular reads.
In a separate circular, the BB decided that banks are no longer required to submit the hard copies of monthly statement of outstanding export bills, statement of particulars of export bills outstanding beyond the prescribed period of realisation, export proceed realisation certificate against direct exports, statement of remittance of export claims and any other export trade related statements sent to FEOD, the Bangladesh Bank against departmental letters issued earlier.
Instead, banks are now required to upload information on overdue exports to the Online Export Monitoring System (OEMS) by the 10th day of each month, including the reason for the overdue status, actions taken to realise export proceeds and litigation status.
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