Regulatory Alerts2018-12-24
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BRPD Circular Letter No. 26: Appointment and Responsibilities of Chief Executive of a Bank-Company
The document replaces the instructions in Appendix (2)(b) of BRPD Circular Letter No. 18 regarding the experience and suitability for the appointment of a Chief Executive. It mandates that the appointee hold at least a master's degree from a recognized university, with preference given to higher education in banking, finance, accounting, management, or business administration. The text specifies that no part of the educational career can be in the third division or grade, and sets minimum Grade Point Average (GPA) and Cumulative Grade Point Average (CGPA) thresholds for SSC, HSC, and university degrees.
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