Banks no longer need to preserve virtual meeting footages
The decision came on Tuesday to cut the risk of hacking
The Bangladesh Bank has changed its previous instruction to mandatorily preserve virtual meeting footages of banks' board and other important committees.
The decision came on Tuesday to cut the risk of hacking.
For such video conference meetings, banks will have to write down the agenda and decisions now, as they did earlier during physical meetings.
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On March 23 and May 17, the central bank instructed banks to hold meetings of the board of directors, executive committee, audit committee and risk management committee through video conference to maintain physical distancing and curb the spread of Covid-19.
On May 17, the Bangladesh Bank also instructed banks to preserve either partial or full footages of such video conferences so that they can be monitored properly.
But the central bank in a circular issued on Tuesday said that some banks had informed that there is a software limitation in preserving footages.
"Also, some banks expressed fear of hacking as they had discussed classified information during previous meetings."
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