Dhaka, Bangladesh (BBN)– The Centre for Policy Dialogue (CPD) has decided to form a “Citizens’ Review Commission on Banking” because of the deteriorating health of the banking sector and the ‘inertia’ of the government to address the problems.

The board of trustees (BoT) of the think-tank took the decision at its 53rd meeting in Dhaka on Tuesday, according to a CPD statement.

The commission will include eminent economists, experts, private sector representatives and former bankers and government officials, it added.

“The proposed Citizens’ Review Commission on Banking seeks to establish transparency regarding data and information on the sector, identify the root causes of the malaise, and, suggest remedial measures for the policymakers.”

Professor Rehman Sobhan, chairman of CPD, presided over the meeting attended by trustees M Syeduzzaman, former finance minister; Syed Manzur Elahi, chairman of Apex Group; Rasheda K Choudhury, executive director of CAMPE; Shahdeen Malik, eminent jurist; Debapriya Bhattacharya and Mustafizur Rahman, distinguished fellows of CPD; Fahmida Khatun, executive director and member-secretary of CPD’s BoT.