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Message: [QUOTE="Munyaradzi Mafaro, post: 49967, member: 636"] Bangladesh Bank chief Ahsan H Mansur made a shocking statement about the country's money problems. He told reporters that banks cannot improve without major political changes happening first. The governor agreed with Finance Adviser Salehuddin Ahmed who said similar things just days earlier. Mansur spoke at his Dhaka office during a Monday press meeting. He believes no banking policy will work until politics gets fixed. The finance adviser had already warned people about banking reform limits. Ahmed said the current temporary government cannot fix the banking mess. He thinks only an elected government can tackle these serious money issues. The adviser made these comments during a Saturday announcement. Political stability must come before banking improvements can happen. Banking officials are still pushing ahead with some changes despite the challenges. Mansur announced new supervision methods that will start next January. The central bank tested these systems with twenty different banks already. Officials plan to expand the program to sixty-one banks before December ends. Twelve supervision teams will watch over banking activities across all regions. The new risk-based supervision system promises better oversight of financial institutions. Bank officials say this modern approach will catch problems faster. The teams will monitor banks more carefully using updated technology. Mansur hopes these changes will make supervision more effective. Banking reform remains a hot topic as the country searches for solutions. [/QUOTE]

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