Bangladesh Bank Governor Dr Atiur Rahman yesterday came down heavily on senior BB officials for not taking stern actions against errant banks and NBFIs, and stressed on strict monitoring to ensure financial stability in the sector.

“I see most of you are young. Have you lost your teeth? How many banks have you fined so far or tracked frauds there?” the Governor aksked BB officials.

He was speaking at the inaugural session of a workshop on “Contemporary Challenges in the Banking Sector and Supervisory Stance” at city’s Bangladesh Bank Training Academy (BBTA) auditorium in the morning.

“You shouldn’t have any hesitation in taking tough actions against any irregularities in the banking sector while you are being continuously assured of full support from the top level,” he said, adding that any professional problems regarding this will be looked into. “You don’t need to be too much humane to those who are violating the laws,” he told the officials.

Department of Off-Site Supervision of BB and BBTA jointly organised the meeting with concerned officials to formulate a timely supervisory framework.

News: Daily Sun/ Bangladesh/ 18-Sep-11