Dhaka, March 29 -- Individuals found to be involved in financial irregularities will be barred from leading Non-Bank Financial Institutes (NBFIs) as managing director or chief executive officer.
The Department of Financial Institutions and Markets of Bangladesh Bank issued detailed guidelines on the appointment of MDs/CEOs for NBFIs on Monday.
The move had been sounded out by the central bank in recent weeks, as part of large-scale reforms aimed at ensuring good governance in the financial sector.
The directive was sent to the top executives of NBFIs for immediate execution adhering to the guidelines contained in it.
The notification from Shapla Chattor stated that if an individual is involved in financial irregularities of any kind dur...