Lack of transparency in information disclosure remains one of the biggest challenges in Bangladesh’s stock market — even in the digital era. Md. Saifuddin, CFA, Commissioner of the Bangladesh Securities and Exchange Commission (BSEC), expressed concern that this ongoing gap continues to trouble investors.
He shared his views on Wednesday (October 8) at a seminar titled “Empowering Investors through Emerging Technology and Digital Finance”, jointly organized by Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), DSE Brokers Association (DBA), and Central Depository Bangladesh Ltd. (CDBL). The event was part of the World Investor Week 2025 initiatives.
DSE Chairman Mominul Islam said that despite significant investments in technology, the stock market is not seeing the expected results — primarily due to a lack of coordination among stakeholders. He also noted that many companies fail to properly disclose financial information, negatively affecting the overall market ecosystem.
CSE Chairman AKM Habibur Rahman pointed out that irregularities and frauds still occur despite the introduction of automation and digitization. He emphasized the need to strengthen reporting, surveillance, and monitoring systems to ensure proper use of technology.
Commissioner Saifuddin stated, “We aim to build a complete investment ecosystem. For that, we must clearly identify gaps in the technology infrastructure and accountability mechanisms.” He added that BSEC has recently introduced financial reporting in the Extended Business Reporting Model (XBRL) format — an internationally recognized, machine-readable standard. This will simplify research, analysis, and regulatory oversight.
He further stressed, “To make this initiative successful, cooperation from all stakeholders, including auditors, is essential. Without transparency in disclosures, investor confidence cannot be restored. Market participation is declining, and as a result, asset inequality is rising. It’s time to take collective responsibility.”
DBA President Saiful Islam, in his keynote presentation, said that emerging technologies like blockchain and digital finance are opening new horizons for investor empowerment. However, he warned that limited access to real-time data and the risk of digital fraud remain major concerns.
CDBL Managing Director Abdul Motaleb Chowdhury noted that various e-services have been introduced for the benefit of investors. He urged investors to keep their mobile numbers, email addresses, and TINs updated to ensure accurate communication of transaction-related information.
In his closing remarks, DSE Director Major General (Retd.) Md. Kamruzzaman said, “We must develop our own technology. Otherwise, we will remain dependent on foreign technology providers. The younger generation needs to be actively involved in this effort.”
