Taskforce formed for banking reforms

The Bangladesh Bank has formed a six-member taskforce to carry out reform initiatives in the country's banking sector. The Bangladesh Bank governor will coordinate the activities of taskforce.

The taskforce members are Lutfey Siddiqi, special envoy on international affairs to the chief adviser, Muhammad A (Rumee) Ali, former deputy governor of the Bangladesh Bank, Meheriar M Hasan, chairman of BRAC Bank, Zahid Hussain, former lead economist of World Bank Group, Dhaka office, Prof M Zubaidur Rahman, vice-chancellor of the ZNRF University of Management Sciences, and Sabbir Ahmed, partner of Hoda Vasi Chowdhury & Co.

The taskforce will mainly assess the current financial situation of the banking sector and estimate the amount of distressed assets.