Dhaka, Oct. 3 -- In recent years, Bangladesh has experienced significant changes and developments across its financial landscape, but amid the progress, corruption continues to plague the banking sector. The country is at a pivotal moment, as it must tackle systemic issues to ensure a sustainable and robust financial system. Drawing lessons from Japan's banking crisis and economic collapse in the 1990s, Bangladesh can learn valuable insights to mitigate its current risks.

The revolution, triggered by pervasive corruption and mismanagement, has prompted a thorough restructuring of the banking industry. To restore public trust and ensure the stability of the economy, the government is in the process of implementing reforms aimed at increas...