Nepalese central bank governors banned from retiring to financial sector
“Cooling-off” period adjusted for central bank employees under new legislation
Officials leaving jobs at Nepal's central bank will see their ability to join banks and financial institutions restricted under a second round of amendments made to the Nepal Rastra Bank Act on September 1.
Nepal's parliament endorsed the bill, which now prohibits the governor of Nepal Rastra Bank from taking any post in a bank or financial institution (BFI) after retiring.
Similarly, deputy governors and executive directors of the central bank will not be allowed to join any BFI for up to three
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