Online Review Workshop on “Internal Control and Compliance of Banks” held15-09-2021
Dhaka, 15 September, 2021:
A half day long online review workshop was held at the Bangladesh Institute of Bank Management (BIBM) on 15 September, 2021. Mr. Ahmed Jamal, Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the review workshop as the chief guest.
Mohammed Sohail Mustafa CFA, Associate Professor & Director (Training & Certification Program) of BIBM delivered welcome address. Dr. Md. Akhtaruzzaman, Director General of BIBM Chaired the Program. A paper “Internal Control and Compliance of Banks” was presented in the review workshop by Md. Mohiuddin Siddique, Professor (Selection Grade) of BIBM.
Other members of the research team are Md. Mahabbat Hossain PhD. CIPA, CSAA, Assistant Professor of BIBM; Maksuda Khatun, Lecturer of BIBM and Kamal Hossain FCA, CIPA, CSAA, Head of Internal Audit of Al-Arafah Islami Bank Limited.
Dr. Barkat-e-Khuda, Dr. Muzzafer Ahmed Chair Professor of BIBM & Former Professor of Dhaka University; Obayed Ullah Al Masud, Managing Director of Rupali Bank Limited; Mohammad Monirul Moula, Managing Director & CEO of Islami Bank Bangladesh Limited; Goutam Prosad Das, Deputy Managing Director of Mutual Trust Bank Limited made comments as designated discussants.
Deputy Governor said that to establish a vibrant and robust internal control culture in our banking sector, Bangladesh Bank (BB) issued a guideline on ICC along with other core risk management guidelines in 2003 that was revised considerably in 2016. BB has also made a number of modifications relating to the ICC and corporate governance of the banks to address the emerging issues or events he added.
Director General of BIBM said, findings of the study along with opinions and observations made today will help BB to take future actions.
A good number of participants including senior bank executives, academicians, media representatives, faculty members of BIBM took part in the online review workshop.