BSS-30 Speakers for increasing capability of bankers

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ZCZC

BSS-30

BIBM-BANKER

Speakers for increasing capability of bankers

DHAKA, July 22, 2019 (BSS) – Speakers at a programme today underscored the
need for increasing capability of the bankers so that they can provide
information properly to the Bangladesh Bank (BB) according to its demand.

They said this at the review workshop on ‘Regulatory Reporting Requirements
for Banks’ held at the Bangladesh Institute of Bank Management (BIBM) in the
city, said a press release.

Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh
Bank SM Moniruzzaman attended the workshop as the chief guest.

BB Executive Director Md Nazimuddin and Director General of BIBM delivered
welcome speeches while former Professor of the Dhaka University Professor
Barkat-e-Khuda presided over the workshop.

BIBM Professor and Director (Training) Dr Shah Md Ahsan Habib presented a
paper at the workshop.

SM Moniruzzaman said regulatory reporting requirements have increased
significantly over the years to generate accurate reports in a timely manner
globally and locally.

“Greater compliance and regulatory reporting requirements have brought
notable changes in terms of complexities, high cost and consumption of
business hour of the bank executives,” he added.

He also said regulatory reports are collected for several purposes and bank
regulators require different types of reports that may be categorized under
different dimensions.

“By analyzing the reported data, BB conducts its monitoring and
supervision; identify and address problems; prepare balance of payment;
formulate monetary and other policies; assess the financial health of the
banking sector as a whole and conduct research for publications,” he added.

Barkat-e-Khuda said, “We need to work together for getting expected
results for our financial sector.”

A good number of participants, including senior bank executives,
academicians, media representatives and faculty members of BIBM, took part in
the review workshop.

BSS/PR/KUC/RY/1945 hrs