CEOs of FIs asked for prior approval for travelling abroad

Bangladesh Bank (BB) has asked CEOs of every financial institution to take prior approval for travelling abroad.

For the permission, the financial institution has to send an application along with a “go-ahead” letter issued by the respective company’s board of directors 15 days prior to the travel date to the
central bank, as per a BB circular issued on Monday.

The banking regulator also urged the CEOs to refrain from traveling aboard for a long time unless it is a must. The BB believes CEOs’ long foreign trips could cause financial loss, put management and operation of the institution at risks and reduce overall mobility in institutional activity.

In the circular, the banking watchdog also asked the financial institutions to submit the name, designation, official phone number and cellphone number of the person who will take charge when the CEO will be travelling abroad.


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