Checking Unauthorised AccessBB asks FIs to ensure signatures of CEOs on financial statements
In order to prevent unauthorised correspondence, Bangladesh Bank has directed chief executive officers (CEOs) of all financial institutions (FIs) to put respective signatures on financial statements or regulatory documents that need to be sent to the central bank authority.
A circular issued by the BB authority Sunday said the signatories of FIs authorised by respective CEOs is also acceptable on their periodic statements.
In both the cases, the FIs will need to send sample of signatures of the CEOs or authorised officials to the central bank’s Financial Institution and Market Department for verification.
A BB official said this would prevent unauthorised access to the core matters of financial sector regulations.
The official said any unauthorised access to the regulatory affairs may lead to devastation in respect to financial security.
News: The Daily Sun/Bangladesh/22th-Oct-12
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