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Banking News \u2013 Newly appointed Nepal Rastra Bank Governor, Prof. Dr. Bishwanath Paudel, has stated that his top priority will be removing Nepal from the Financial Action Task Force’s (FATF) “grey list.” Speaking briefly after his appointment by the cabinet, Dr. Paudel emphasized his commitment to resolving problems in the country’s banking and financial sectors.<\/p>\n

He pledged to enhance the effectiveness of financial supervision, noting that a detailed assessment of banks and financial institutions will guide his efforts to tackle the challenges facing the sector.<\/p>\n

Dr. Paudel also expressed a clear intention to boost investor confidence in the capital market, saying, \u201cIt is the central bank\u2019s responsibility to uplift the morale of the capital market.\u201d<\/p>\n

One of his primary focuses, he added, will be strengthening the central bank\u2019s supervisory capacity. \u201cMy principle is fewer rules, stronger supervision,\u201d he said. \u201cToo many regulations create confusion. Banks are facing several issues, and these can be solved through effective oversight. I will focus on this.\u201d<\/p>\n

He acknowledged that existing policies and regulations issued by Nepal Rastra Bank have drawn concerns not only from industrialists and businesspeople but also from the broader private sector. In response, Dr. Paudel emphasized the need for evidence-based dialogue and research to identify practical solutions.<\/p>\n

\u201cI won\u2019t act like a \u2018hip shooter\u2019 who fires impulsively upon arrival,\u201d he said. \u201cThis is the economy. A small mistake can hurt everyone. I will make sure such a situation does not arise.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banking News \u2013 Newly appointed Nepal Rastra Bank Governor, Prof. Dr. Bishwanath Paudel, has stated that his top priority will be removing Nepal from the Financial Action Task Force’s (FATF) “grey list.” Speaking briefly after his appointment by the cabinet, Dr. Paudel emphasized his commitment to resolving problems in the country’s banking and financial sectors. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,12,3],"tags":[],"class_list":["post-1271","post","type-post","status-publish","format-standard","hentry","category-banking-khabar-banking-khabar","category-banner","category-main-news"],"yoast_head":"\n