Dhaka, Jan. 22 -- Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Thursday said the central bank is working to reduce 'regulatory overreach' by allowing banks greater operational freedom, provided they strictly comply with existing rules and guidelines.

"We do not want to interfere in your work, but our guidelines and regulations must be followed by everyone," he said while speaking at a roundtable titled 'Banking Sector Reforms', jointly organised by Mutual Trust Bank PLC and The Financial Express at a city hotel.

The Governor said Bangladesh Bank has opted for a direct action approach by forming three dedicated task forces instead of setting up a banking commission to expedite reforms and asset recovery.

Dr Mansur explained that f...