We have just listened to the 12th Nurul Matin Memorial Lecture titled 'Trust in banking' delivered by eminent economist and illustrious former RBI Governor Dr. Y. V. Reddy. We are truly glad and gratified to get Dr. Reddy in the list of luminaries delivering the memorial lecture. At the outset Dr. Reddy very graciously underscored the special relationship he feels with us here at Bangladesh, which I can respond to only by asserting that the feeling is mutual, and that we look up to him as a trusted friend and mentor. The annual Nurul Matin memorial lectures of recent years have delved deep into issues and challenges in upholding of banking ethics, focusing mainly on our own local context. With 'trust in banking' as his lecture theme, Dr. Reddy has chosen to begin from the wider global context, where we saw severe erosion of trust in financial systems and their regulators since the global financial crisis of 2008-2009, particularly in leading advanced Western economies. Trust, according to Professor Reddy, has indeed close affinity with ethics, morals, values, sense of fairness etc which he rightly claims to be country specific and culture specific. As such he brings a lot of fresh air in the discussion on a topic which is not only of immense significance to all of us, but provides......
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