Bangladesh regulator to launch automated platform for inter-bank money market trading by March 31
Published 15 Feb,2021 via The Financial Express - The central bank is set to introduce an automated trading platform for the country's interbank money market before March 31 to boost its monitoring and supervision on the market, officials said.
Conventional banks and non-banking financial institutions (NBFIs) will be allowed to trade different interbank money market products including call money by using the platform -Electronic Dealing System for lnterbank Money Market (EDSMoney) - instead of the existing over-the-counter (OTC) system.
The Bangladesh Bank (BB) officials are scheduled to meet the treasury heads of all the conventional banks today (Monday) at its headquarters in Dhaka to discuss different functions of the platform.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
The Financial Express