"The BB has prepared a roadmap to implement the guideline, Basel-11, from January 2009. The central bank will follow both the Standard Approach for Credit Risk and Basic Indicator Approach for Operational Risk," The governor told this yesterday the inaugural session of a workshop at a hotel in Dhaka.

Credit Rating Information and Service Limited (CRISL) organised the workshop on Bank and Financial Institution Rating-Methodology & Perspective.

Chaired by Jamal Uddin Ahmed, chairman of CRISL, it was also addressed by the company's chief executive officer, Muzaffar Ahmed, and director Dr Moyeen.

The governor said the BB has taken a number of measures to reform the banking sector in such a way that the sector may graduate to an international standard with a capacity to manage different risks.

He further said the BB made it mandatory for all banks to get themselves credit rated by a credit rating agency (CRA), which would come into force from January 2007. This initiative will definitely help the capital market to become more vibrant, the central bank chief hoped, adding that rating agencies play a significant role in developing debt market through creation of corporate bond and pricing of credit risk.