Bangladesh Banking Sector

Bangladeshs Banking Sector-My Vision for the Future British Business Group breakfast Meeting British High Commissioners Residence, Dhaka Monday, 8 June 2009, 8.00 am-9.15 p.m. expression of Dr. Atiur Rahman, Governor, Bangladesh Bank His Excellency the Acting British High Commissioner, fantastic Members of the British Business Group, Ladies and Gentlemen, Good Morning! I am humbled by the special privilege you have accorded me as your Guest of Honor this morning. In my brief speech for the succeeding(prenominal) few minutes I, as the Governor of Bangladesh Bank, shall(a) try my beaver to offer my vision for Bangladeshs banking sector. We have got together at a time when the worlds financial sector is at cross-roads. The financial crisis that ignited in late 2007 in the aftermath of the crisis in the US subprime mortgage securities market soon spread all over the world like a raging wild-fire wreaking world(a) financial sector meltdown with widespread solvency crises. Consequently, the global rescue entered its deepest recession since World War II frustrating the prospects of stability, ontogeny and equity.

The instant casualties in the global financial crisis were the giant highly-developed economies such as US and UK, with massive bankruptcies and staggering join of financial budget siphoned to bailing out of the troubled financial institutions in a bid to avert a systemic collapse. The fiscal maneuvering was coupled with central banks drastic cut down in interest rates to zero bound and unprecedented quantum of monetary easing to stimulate the flagging economies. Although there were some run-down signs of bouncing back, major economies around the world still take care to be in slumber. However, once the bail-outs, stimulus packages and social prophylactic nets stall further free fall and consumer and business confidence is restored, the engine of growth will begin to whirl again. magic spell the grand edifice of financial superpower collapsed transmitting shockwaves to the upstage corners of the globe... If you want to get a full essay, order it on our website: Ordercustompaper.com

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