B Mirror Report:  The Bangladesh Securities and Exchange Commission (BSEC) has taken an initiative to enhance capital market infrastructure, increase market capitalization, and accelerate digital transformation, as part of efforts to strengthen the overall financial market.

In line with this objective, the regulator has decided to accept a technical assistance proposal from the Asian Development Bank (ADB) under the “Sustainable Finance and Capital Market Development Subprogram-1.”

In a recent letter sent to the Economic Relations Division (ERD) of the Ministry of Finance, BSEC expressed its interest in accepting ADB’s technical support. The commission also informed the ERD Secretary about the outcomes of discussions held with the development partner.

According to BSEC sources, ADB initially proposed the assistance through a draft aide-mémoire. Earlier, on January 12 this year, the commission conveyed its preliminary interest to the ERD. In its latest communication, BSEC clearly stated its willingness to receive expert and technical support from the global institution to build a modern and sustainable capital market.

The proposed assistance is expected to support modernization of market infrastructure, strengthen technology-driven operations, and create a more investment-friendly environment. The commission believes it will also have a positive impact on increasing market capitalization.

The letter further noted that a meeting between BSEC and an ADB delegation was held on March 9, where various aspects of the technical assistance were discussed in detail. A summary of the discussions has been shared with the relevant authorities.

Market stakeholders believe that support from international institutions will help accelerate reform initiatives in the capital market, particularly in the areas of digital transformation and sustainable finance.