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DHAKA, June 02, 2025 (BSS) - Finance Adviser Dr Salehuddin Ahmed today said that the government is working to maintain the stability in the financial system.
"Bangladesh Bank has formed the Financial Stability Committee of Bangladesh Bank has been formed to understand the dynamics of the financial sector and determine the steps to be taken to maintain the stability of the financial system," he said.
The adviser said this while presenting the proposed national budget for FY26 through a pre-recorded speech aired through Bangladesh Television and Bangladesh Betar.
During the last 15 years, Salehuddin said that the financial sector has been taken to the brink of a complete breakdown through unprecedented misrule.
"Millions of crores Taka from bank deposits has been siphoned off. Against the backdrop of the political changes after August 5, 2024, our Government has undertaken important reforms to address long-standing structural challenges in the banking sector establish good governance and restore depositors' confidence," he added.
As part of this, he said, the board of directors of several banks has been reconstructed.
He said the Bank Resolution Ordinance, 2025 has been promulgated to ensure timely resolution of capital deficit, liquidity crisis, bankruptcy or existential risks and ensure financial stability.
"Work is underway to amend the Bangladesh Bank Ordinance, 1972 and enact the weak asset management law," he added.
As part of the reforms, he said, three task forces have been formed whose main objectives are: (a) comprehensive qualitative review of the assets of the banks to form the basis of banking sector reform program, (b) increase the capacity and efficiency of Bangladesh Bank to ensure effective implementation of policies and regulations and maintain good governance in the banking system, and (c) take effective initiatives to recover stolen/laundered assets.
