The regulatory body Bangladesh Securities and Exchange Commission (BSEC) is working relentlessly to resolve the existing crisis in the capital market and harness its potential, said the commission’s Chairman Khandaker Rashed Maksud.
A meeting was held between BSEC and the Secretary of the Financial Institutions Division of the Ministry of Finance, Nazma Mubarak, and senior officials of the department on Wednesday (December 4). He made these remarks during the meeting. This information was given in a press release signed by BSEC Executive Director and Spokesperson Rezaul Karim.
At the same time, the BSEC Chairman requested the cooperation of the Ministry of Finance and the Financial Institutions Division in the development and reform of the capital market. He commented in the meeting that the country’s capital market must be developed and developed for the development of the country’s economy and banking system, and that integrated financial systems and policies are needed for the benefit of the country’s economy.
The BSEC Chairman expressed his sincere thanks and greetings to the Secretary of the Financial Institutions Division of the Ministry of Finance for coming to the BSEC office and participating in the meeting.
The meeting held at the BSEC building in Agargaon in the capital was attended by the Secretary of the Financial Institutions Division of the Ministry of Finance Nazma Mubarak, Additional Secretary Md. Saeed Qutub, Joint Secretary Kamrul Haque Maruf, Deputy Secretary Farida Yasmin, and officials of the Financial Institutions Division, BSEC Chairman Khandaker Rashed Maqsood, BSEC Commissioner Md. Mohsin Chowdhury, BSEC Commissioner Md. Ali Akbar, BSEC Commissioner Farzana Lalarukh, BSEC Executive Directors and Directors.
BSEC Commissioner Md. Mohsin Chowdhury also spoke at the meeting. He expressed his appreciation and gratitude for the proactive attitude of the Secretary of the Financial Institutions Division of the Ministry of Finance in the interest of the country’s economy and capital market. He mentioned the need to increase the capacity of the regulatory body BSEC and the activities of BSEC. He spoke about taking necessary steps to increase the awareness of investors in the country’s capital market and ensure the expansion of investment education nationwide. Above all, he requested the support of those concerned in the development of the capital market.
On behalf of BSEC, BSEC Executive Director Mohammad Rezaul Karim presented a presentation titled ‘Role and Functions of Bangladesh Securities and Exchange Commission (BSEC) ‘Current Situation of Bangladesh Capital Market: Challenges, Prospects and Strategies’ at the meeting. The presentation provided details about the vision and mission of Bangladesh Securities and Exchange Commission, main activities, existing structure and manpower, the country’s capital market and its overall infrastructure, and the activities of the commission in various divisions.
The Financial Institutions Division is urged to take a strong role in various issues related to the development of the capital market, including providing liquidity support to the capital market through listing in the capital market and increasing the special fund from Tk 200 (two hundred crores) to Tk 300 (three hundred crores) in addition to the single and consolidated investment limit by each scheduled bank and extending its term for the next 5 years from February 2025.
