Regulatory Alerts2025-11-26
Added
BRPD Circular Letter No. 27: Appointment and Responsibilities of Managing Director/Chief Executive Officer of a bank-company
The document amends paragraph 2(g)(10) of BRPD Circular No. 05/2024 to update the experience requirements for appointing a Managing Director or Chief Executive Officer of a bank. The revised criteria require at least 20 years of active banking experience, plus either three years in the roles of Executive Director or Additional Managing Director, or 25 years of experience in Grade 2 or higher positions within the banking and financial sector regulatory authority. All other instructions in the original circular remain unchanged.
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