Bangladesh Bank (BB) has started formulation of its next five-year strategic plan putting emphasis on strengthening of supervision for ensuring transparency, accountability and good governance in the country’s banking sector.

“We want to reinforce our supervision to ensure accountability, transparency and good governance in the banking sector through utilising the maximum level of the latest technology,” BB Governor Dr Atiur Rahman said, reports BSS.

He was speaking at the inaugural ceremony of a three-day strategic planning workshop at the BRAC Centre for Development Management (BCDM) Thursday.

The BB governor also said the central bank is now working to find out further stringent measures taking lessons from the past for curbing financial irregularities in the banking sector.

All the officials in the rank of general manager and above are taking part in the in-house workshop on ‘Strategic planning: Heading towards a new horizon’ to formulate the next five-year strategic plan for 2015-19.

Seven strategic focuses have already been set in the draft plan aiming to turn the BB into a world-class central bank. The areas of focus are supervision and regulation for ensuring financial stability, balanced and coordinated monetary policy, socially responsible financing and inclusive growth, promoting more liberalised foreign exchange regime, optimisation of human capital in the BB, effective communication and positive image building and establishment of leadership excellence centre in Chittagong. Deputy Governors SK Sur Chowdhury, Nazneen Sultana and Executive Director Ahsan Ullah, among others, spoke on the occasion.