Bangladesh’s financial regulatory bodies have agreed to implement three major initiatives aimed at improving coordination and efficiency across the sector. The decisions were made at a meeting titled “Strengthening the Financial Reporting Council and Ensuring Structural and Coordinated Cooperation,” held at the FRC office in Sher-e-Bangla Nagar under the chairmanship of Dr. Anisuzzaman Chowdhury, Special Assistant to the Chief Adviser. Representatives from the Ministry of Finance, Bangladesh Bank, FRC, BSEC, IDRA, RJSC, MRA, and NBR attended the meeting.

The three initiatives include single-point enlistment of auditors and audit firms under the Financial Reporting Council (FRC), creation of a common report submission portal for all regulators, and establishment of a real-time common data-sharing platform. The FRC will lead the implementation of these projects, with deadlines set between January 15 and January 31, 2026. The FRC chairman stated that these measures will enhance transparency, reduce information concealment, and strengthen financial discipline.

According to the meeting’s proceedings, the initiatives are expected to reduce procedural delays, improve inter-agency data exchange, and curb manipulation in loan management and stock valuation.