| Author | Imdad, Mohammad Shafikul |
| Note | A project submitted in partial fulfillment of the requirements for the degree of Professional Master in Banking and Finance, School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | Foreign exchange inspection and vigilance department (FEIVD) of Bangladesh Bank is faced with the problem of modernising its systems and procedures to suit the requirements of the changing banking industry in the country. This work presents the functions of FEIVD, tries to identify the drawbacks and the mechanism through which those drawbacks could be resolved for the smooth functioning of FEIVD. Questionnaires were used to collect data from the employees of FEIVD, commercial banks (CB) and their customers. Factor analysis, mean and standard deviation is used to identify the major drawbacks. Discussions with employees of FEIVD and CB, customers of CB, higher officials of FEIVD, a retired senior officer of Central Bank of Sri Lanka and author’s own experience are used to present the solution mechanism. FEIVD faces problem related to training, skill and number of inspectors; timely submission and proper implementation of the inspection report; good coordination among departments of Bangladesh Bank; supervision standard; guidelines; information technology and proper communication with the customers of CB.Proper monitoring, accountability, follow up, meeting with related parties, formation of committees, development of knowledge and experts opinion could be used to resolve identified problems of FEIVD for the smooth operation in the changing banking industry. |
| Year | 2007 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Banglsdesh Bank;Foreign exchange; |
| Examination Committee(s) | Venkatesh, Sundar;Juthathip Jongwanich;Weerakoon Wijewardena; |
| Scholarship Donor(s) | Bangladesh Bank; |