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International Law

: Law Chronicles Online

Bangladesh Bank says all banks must have directors from account holders

By Adnan Karim

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Bangladesh Bank, the banking regulator, has informed all banks in Bangladesh that they must have a director from their ordinary account holders. The Banker's Association of Bangladesh (BAB) and business community has sharply criticized this move by saying that if done so, this would be the first in the world. The banks already have independent directors as per Bangladesh Bank's direction.

Full post as published by Law Chronicles Online on May 14, 2008 (boomark / email).

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