DHAKA, July 26, 2021 (BSS) - 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 today.

  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.