2024-08-15 21:53:00
Economist Dr. has been appointed as the new chairman of Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market, on Tuesday (August 13). M. Masroor Riaz. However, before he joined the work, he came under the wrath of BSEC officials and employees. According to BSEC sources, the demand for cancellation of his appointment has already been raised.
Professor Shibli Rubaiyat-ul-Islam resigned from the post of BSEC chairman last Sunday (August 11). A day later, two commissioners of the organization resigned on Monday (August 12). Sheikh Shamsuddin Ahmed and Dr. Rumana Islam. After the resignation of the chairman and two commissioners, the capital market was running in a leadershipless state. The Advisory Council of the Interim Government appointed Masroor Riaz as the Chairman of the BSEC after considering the overall situation to take control of the country’s capital market from this situation without a guardian.
However, the officials and employees of BSEC do not want to accept the decision of the advisory council of the interim government. On Tuesday (August 13), the BSEC Officers’ Welfare Association wrote a letter to the Secretary of the Financial Institutions Department of the Ministry of Finance, refusing to accept Masroor Riaz as the chairman in a pre-scheduled meeting. BSEC Executive Director and President of the Officers Association chaired the meeting. Saifur Rahman. The executive director Mahbuber Rahman Chowdhury, Kamrul Anam Khan, Rezaul Karim and the director, deputy director and officials of all departments were present.
President of BSEC Officers Welfare Association. The letter signed by Saifur Rahman mentions, ‘There was a discussion meeting with the general members of the Bangladesh Securities and Exchange Commission Officer Welfare Association regarding the newly appointed BSEC chairman. The decision was made at the meeting – Tuesday (August 13) through the notification issued by the Financial Institutions Department, Dr. M Mashroor Riaz has been appointed by the government as the chairman of the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC). Already viral in various social and electronic media, she was involved with Salman F Rahman. Besides, according to social media information, he is also close to outgoing chairman Shibli Rubaiyat-ul-Islam. It was unanimously decided in the meeting that the employees of the commission will not welcome the new outgoing government and any controversial person close to the outgoing chairman to join the commission as chairman.
BSEC executive director and spokesperson Mohammad Rezaul Karim told RisingBD, ‘I am not the spokesperson of BSEC Officers Welfare Association. But as the spokesperson of BSEC, I can say that since the government has appointed M Masroor Riaz as the chairman of BSEC, we want to work with him. At the same time, I want to advance the stock market.
Meanwhile, BSEC’s new chairman Masrur Riaz told RisingBD, ‘I have come to know about the matter. I think there is a misunderstanding somewhere. I joined BSEC earlier. Then, based on everyone’s opinion, we will work together to develop the capital market.’
Incidentally, Masroor Riaz was an official of the International Monetary Fund (IMF). He is also the Chairman and Chief Executive Officer (CEO) of Policy Exchange Bangladesh, a private research institute. He has experience working as a senior economist at the World Bank. He holds a PhD in Development Economics from the University of Manchester, UK. Later he did his MBA from New Orleans University, USA.