** Why gas only, their crisis is multiplying everywhere ** A number of children admitted to Thakurgaon Adhunik Hospital for cold-related diseases compelled to stay along with their parents outside of the hospital due to lack of beds. This photo was taken on Wednesday. ** 1 in 3 BD kids fed properly ** ADB trims GDP growth forecast ** HC orders freeze on Evaly asset sale ** Truck, covered van workers call off strike ** Another case filed against Evaly couple ** SAARC FMs' UN assembly sideline meet over Afghanistan cancelled ** Biden pledges 500m jabs for developing nations ** e-commerce scams Writ seeking judicial probe ** Supply shortfall hits gas sector ** AI demands 2b Covid jabs for poor nations ** US should ask forgiveness for betraying its core values and mass killing ** Hundreds of people crowd in front of a Covid-19 vaccine centre at Mugda in the capital on Tuesday. ** Can e-commerce be rescued? High-level meet today ** High fever common among city children IEDCR for early diagnosis ** Evaly CEO remanded again, wife sent to jail ** Truck, covered van owners, workers go on 72-hour strike ** HC rule for stopping fraudulent ad ** ACC frames charges against ex-DGHS driver, his wife ** Suu Kyi goes on trial for incitement ** Aggrieved customers and sellers of controversial e-commerce platform Evaly engage in a scuffle in front of CMM court in the capital on Tuesday. ** Covid infection rate drops below 5pc ** Garment worker gang-raped in Chattogram ** Biden urges unity at UN amid tensions with allies **

FI CEOs need BB clearance to leave country

27 July 2021

Economic Reporter :
From now on, the chief executive officer of any financial institution has to take permission from the Bangladesh Bank before leaving the country.
The central bank, Bangladesh Bank, in a circular on Monday made this mandatory provision. Earlier, a similar provision was made for the CEOs of the banks operating across the country.
The circular, issued by the Financial Institutions and Market Department of

BB, said that if any CEO of a financial institution stays outside the country for a long period for official work or enjoying personal leave, it may create potential management and operational risk including financial loss alongside decreasing overall institutional pace which is not expected anyway.
Against this backdrop, the BB said, the CEOs of the financial institutions are advised to avoid staying outside Bangladesh for a long of time.
The CEO of a financial institution operating in Bangladesh, if required to travel abroad, has to take the approval from BB before leaving the country. In this case, the CEO will apply to BB for approval before 15 days of the travel also attaching a copy of the decision of the board of directors of the institution concerned.
The application must have necessary and detailed information about the applicant including his and his institution's names, national ID number, passport number, the purpose of the visit, the approximate expense of the travel, proposed time of the travel, address abroad, and the information of the last travel.
If the application is approved by the Central Bank, the CEO will inform the secretariat of BB Governor and Financial Institutions and Market Department elaborating that who will act as acting CEO during his absence mentioning his name, position, official phone number, cell phone number, email address, said the BB circular.

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