Dhaka, May 12 -- The government and the Bangladesh Bank (BB) have been granted broad authority to assume temporary control of any scheduled or Islamic bank and financial institution, under the newly promulgated Bank Resolution Ordinance 2025.

The 67-page ordinance, published on Friday, 9 May following its approval by the Advisory Council on 17 April, enables the authorities to issue share transfer orders as part of their intervention strategy. The measure is aimed at strengthening regulatory oversight and managing systemic risks in the banking sector.

According to the ordinance, the central bank may initiate resolution proceedings against any bank whose beneficial owners are found to have used the bank's assets or funds-either directly ...