Bangladesh Bank will preserve the information on forgeries and corruptions by bankers and directors of the scheduled banks on long-term basis in its web portal to verify their professional integrity in time of taking any decision concerning them. The central bank has already prepared draft guidelines in this regard, a BB official told New Age on Wednesday. He said the BB would attach the information to the corporate memory management system of the central bank’s web portal. ‘The central bank usually approves managing directors and chairmen of the scheduled banks proposed by the respective bank boards in line with the bank company act. Once the system is implemented, the BB will check the previous history of the proposed managing directors and chairmen of the banks before giving approval.’ In the CMMS, the central bank will preserve the information related to forgery and corruption under three categories which are corporate memory of person, corporate memory of organisation and corporate memory of inspection information. The BB will preserve the financial crime-related information of the bankers and directors under the corporate memory of person and banks’ information under the corporate memory of organisation. The central bank will preserve the audit report on the banks conducted by the audit firms under its corporate memory of inspection information, the BB official said. According to the draft guidelines, the information on the corruptions, which have already been proved, by the bankers and directors will be attached to the CMMS, he said. The BB will preserve the information in the CMMS against the bankers and directors who maintain a connection with a fraudulent circle. The central bank will keep in the CMMS the information on the banks which violate the central bank’s circulars and regulations. The BB will preserve the interest rate-related information of the banks if they impose higher rates of interest than their declared ones. The directors, who provide false information to their respective boards to take the directorship of the banks, will be brought under the CMMS. The BB will preserve the information of the directors who receive loans violating rules and regulations, the draft guidelines said. The banks will be brought under the CMMS if they submit false information to the central bank. The directors and bankers involved in illegal banking will be brought under the CMMS. The BB official said that the officials of the central bank would have to take approval from general managers and executive directors of the BB to attach the information to the CMMS as such information would be considered as highly sensitive for the bankers and directors. The BB will finalise the draft guidelines in the quickest possible time, he said. The central bank cannot now preserve the information related to forgeries and corruptions by bankers and directors of the scheduled banks on long-term basis in absence of guidelines for the CMMS. The CMMS will play an important role in establishing good governance in the banking sector as the system may keep away bankers and directors from the corruption, the central banker said.