In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
The need to empower Bangladesh Bank has been overdue
The government and Bangladesh Bank can take temporary control of any scheduled bank if needed by issuing share transfer orders in line with the Bank Resolution Ordinance 2025.
In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
The need to empower Bangladesh Bank has been overdue
The government and Bangladesh Bank can take temporary control of any scheduled bank if needed by issuing share transfer orders in line with the Bank Resolution Ordinance 2025.
