Tag: Bank Resolution Act

3 news articles tagged with "Bank Resolution Act"

Economy & Finance ★ Editor's Pick Aug 10, 2026

Bangladesh Bank Removes Two-Year Cap on Bank Administrators: Open-Ended Resolution Tenure

BB removes two-year cap on temporary administrators at troubled banks. Decision follows cabinet approval of Bank Resolution Amendment Act. 11 banks under BB intervention affected. Governor Mostaqur Rahman says resolution must take as long as needed.

Policy & Regulation ★ Editor's Pick Aug 10, 2026

Bangladesh Cabinet Okays Bank Resolution Amendment Act 2026: Stronger BB Powers, Faster Wind-Downs

Cabinet approves amendment strengthening Bank Resolution Act. Bangladesh Bank gains resolution corporation, bridge bank powers, and bail-in tool. Aims to resolve 11 troubled banks within 24 months. Aligns with Basel III.

Economy & Finance ★ Editor's Pick Aug 09, 2026

Bangladesh Bank Declares Four NBFIs Non-Viable: Boards Dissolved, Resolution Process Begins

BB declares Aviva Finance, Fareast Finance, FAS Finance, and International Leasing as non-viable. Boards dissolved, CEOs removed, administrators appointed. DSE suspends trading in 3 listed NBFIs.

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