The Bangladesh Securities and Exchange Commission (BSEC) on Monday held a meeting with stakeholders at its office in Dhaka’s Agargaon to discuss the roadmap for the reform and overall development of the capital market.
Participants included representatives from Dhaka Stock Exchange PLC (DSE), Chittagong Stock Exchange PLC (CSE), Central Depository Bangladesh Limited (CDBL), Central Counterparty Bangladesh Limited (CCBL), Bangladesh Institute of Capital Market (BICM), Bangladesh Academy for Securities Markets (BASAM), and Capital Market Stabilization Fund (CMSF).
Present at the meeting were BSEC Chairman Khondoker Rashed Maqsood, BSEC Commissioners Mohsin Chowdhury, Ali Akbar, Farzana Lalarukh, and top executives from DSE, CSE, CDBL, CCBL, BICM, BASAM and CMSF.
During the meeting, senior representatives from DSE, CSE, CDBL, CCBL, BICM, BASAM and CMSF shared their opinions and proposals regarding the overall reform of the capital market.
Topics discussed included the reform of the regulatory framework, ensuring regulatory compliance and institutional governance, technological advancement and modernisation, taking effective steps for product and market development, expanding investment education and outreach, increasing investor awareness, strengthening education and training activities to enhance the capabilities of professionals in the capital market, diversifying the market with the introduction of new products, and ultimately boosting investor confidence for constructive and sustainable reform in the capital market.
All participants agreed on the need for BSEC and related institutions to work together cooperatively for the development of the capital market.
Additionally, on Tuesday, BSEC will hold another meeting with organisations representing brokers and dealers, including the DSE Brokers Association (DBA), the Bangladesh Merchant Bankers Association (BMBA), the Association of Asset Management Companies and Mutual Funds (AAMCMAF), the Association of Credit Rating Agencies of Bangladesh (ACRAB), the Bangladesh Association of Publicly Listed Companies (BAPLC), the Financial Reporting Council (FRC), and the Institute of Chartered Accountants of Bangladesh (ICAB) to discuss the overall reform of the capital market.
