Stressing the need for strengthening Bangladesh Bank's (BB) supervision to check financial irregularities, Bangladesh Bank governor Dr Atiur Rahman Sunday said BB's special supervision had helped detect some financial scams in banking sector, reports BSS.
"Such financial irregularities have been possible to unearth, because of the central bank's timely measures . . . otherwise, these scams would have remained uncovered," said the BB governor while addressing the closing ceremony of the foundation training course 2014 of the first batch of newly recruited assistant officers of BB.
Atiur said some people are terming these as financial indiscipline in the banking sector. "But Bangladesh Bank thinks that unveiling of such irregularities is helping restore discipline in the banking sector as well as in the financial sector," he said.
The governor said side by side with strengthening supervision and regulation, the central bank officials will have to play more responsible role in maintaining discipline in the banking sector.
BB expects that the government will appoint professional, honest, skilled and experienced people to the boards of the state-owned banks, he added.
He said the core banking solution undertaken by the central bank and the finance ministry as part of the automation of the state owned banks must be expedited.
"Different entities such as banking division, Bangladesh Securities and Exchange Commission (BSEC), Anti Corruption Commission (ACC) will have to work properly," he added.
He said the central bank has launched an investment friendly monetary policy for July-December period of the current fiscal year.
The global credit raters - Standard & Poor's and Moody's - have reaffirmed its sovereign rating for Bangladesh with stable outlook in view of growth prospects, the governor said.
Confidence of the local and foreign investors is increasing due to the prevailing political stability in the country and Foreign Direct Investment (FDI) increased by around 22 per cent in the last year and inward remittance is also increasing, he added.
