The CENTRAL Bank of Myanmar has reiterated its commitments to ensuring stronger enforcement of banking rules and regulations in the country.

On March 25, the CBM again issued instructions covering five directives on banking governance and statistics.

To strengthen the country’s financial sector, Financial Institutions Law was introduced January 2016. CBM has now five detailed directives to banks covering related-party transactions, regulations that bank director shall follow, appropriate standards for bank directors and senior officials, having internationally recognised external auditor, and acquisitions of substantial interests.


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