Dhaka, Dec. 3 -- Officers with 20 years of experience in Bangladesh Bank and other financial regulatory bodies can now, if they wish, become managing directors (MDs) or chief executive officers (CEOs) of any commercial bank.

The condition is that they must have served in a first-class or equivalent post and held second-grade responsibilities at some point in their career.

Bangladesh Bank issued a circular on Nov 27 creating this opportunity. But Prof Shahidul Islam Zahid, chairman of the banking and insurance department at Dhaka University, sees a conflict of interest between regulatory bodies and the institutions they oversee.

Under the central bank's new decision, officers from Bangladesh Bank, the Bangladesh Securities and Exchange ...