The Parliamentary Standing Committee on the Ministry of Finance has recommended passage of the Bank Resolution (Amendment) Bill, 2026 in Parliament in an amended form.

The decision was taken at a meeting of the committee in Parliament on Saturday, a statement from the Parliament Secretariat said.

According to the statement, the committee agreed to an amendment to repeal the clause in the Bank Resolution Act that allows previous shareholders of troubled banks to regain control of shares, assets and liabilities of the bank, subject to certain conditions.

The bill was tabled in parliament for passage on Thursday.