ACC recommendations for banking sector overhaul

The Anti Corruption Commission has included recommendations in its annual report to the president to curb crimes and irregularities in the banking sector. It urges that a Board be formed by professionals with expert knowledge of banking. Lack of banking knowledge prevents officials from finding out irregularities and crimes taking place in financial institutions. 

I agree with the recommendation, and would like to add that frequent interference of directors from other institutions in internal and loan sanctioning activities further weakens the system. 

Zonaed Emran
On Email