Basel II is an effort by international banking supervisors to improve the consistency of capital regulations internationally, make regulatory capital more risk-sensitive and promote enhanced risk-management practices among banks, according to a press release.

Governor of Bangladesh Bank (BB) Salehuddin Ahmed attended the workshop as chief guest, while BB Deputy Governor Mohammad A Rumee Ali, Chairman of Prime Bank Imam Anwar Hossain and Deputy General Manager of the SEDF Deepak Adhikari, among others, were present.

The purpose of the workshop was to build awareness of international best practices, as advocated under Basel II, and highlight the strategic implications for the Bangladesh financial market.

The BB governor said Basel II provides banks with a unique opportunity to modernise and upgrade their overall risk practices and risk infrastructure. The governor stressed the importance of migration to Basel II in a non-disruptive manner.