Dhaka: Finance Adviser Dr. Salehuddin Ahmed announced today that the government is actively working to ensure stability within the financial system. “Bangladesh Bank has formed the Financial Stability Committee to understand the dynamics of the financial sector and determine the steps needed to maintain stability,” he stated during a presentation of the proposed national budget for FY26. The presentation was aired via Bangladesh Television and Bangladesh Betar.
According to Bangladesh Sangbad Sangstha, Dr. Salehuddin emphasized the precarious situation of the financial sector over the last 15 years, citing unprecedented mismanagement that nearly led to its downfall. He highlighted that significant amounts of money had been siphoned from bank deposits. In light of political changes after August 5, 2024, the government has initiated key reforms to tackle existing structural issues within the banking sector, aiming to establish good governance and restore confidence among depositors.
As part of these reforms, the board of directors in several banks has undergone reconstruction. The introduction of the Bank Resolution Ordinance, 2025, aims to ensure timely resolutions for capital deficits, liquidity crises, bankruptcies, or existential risks, thereby maintaining financial stability. Additionally, efforts are underway to amend the Bangladesh Bank Ordinance, 1972, and to enact a weak asset management law.
The reforms also include the formation of three task forces with specific objectives: conducting a comprehensive qualitative review of bank assets to underpin the banking sector reform program, enhancing the capacity and efficiency of Bangladesh Bank for effective policy implementation and governance, and initiating measures to recover stolen or laundered assets.