Speakers at a conference said Financial Reporting in Insurance Sector of Bangladesh is facing setback due to some grey areas between the International Financial Reporting Standard (IFRS) and existing local rules and regulations.

Strong collaboration between Regulators is needed to bridge the gap between Financial Statements of Banks in Bangladesh. The regulators in banking sector to adjust the requirements between International Financial Reporting Standards (IFRS) and Local Laws and Regulations to repair the gaps while preparing the Financial Statements of Banks in Bangladesh.