Dhaka, Jan. 27 -- Bangladesh Bank Governor Dr Ahsan H Mansur on Tuesday called for urgent legal reforms to shield the country's banking system from political interference, stressing that institutional independence is essential to prevent future financial irregularities.

Speaking at a roundtable discussion titled 'Impact of LDC Graduation on Banking Sector' in Banani, Dr. Mansur highlighted a proposal to amend the Bangladesh Bank Order, submitted to the government four months ago, which he said is critical for modernizing the central bank's regulatory framework.

"It is regrettable that the amendment has not yet seen the light of day. To prevent political meddling in the future, this approval is essential. We need a modern central banking...