2024-04-29 22:49:05
Professor Shibli Rubaiyat-ul-Islam has been appointed as the Chairman of Bangladesh Securities and Exchange Commission (BSEC) for the second term. He has been re-employed by the Financial Institutions Department of the Ministry of Finance for a contractual period of four years.
On Sunday (April 28), the Joint Secretary of the Financial Institutions Department of the Ministry of Finance. A notification signed by Zahid Hossain has been issued.
Earlier, on May 17, 2020, Professor Shibli Rubaiyat-ul-Islam was appointed contractually as the Chairman of BSEC for four years by the Financial Institutions Department of the Ministry of Finance. Accordingly, his term will expire on May 16 this year.
According to the notification, Bangladesh Securities and Exchange Commission Chairman Prof. Shibli Rubaiyat-ul-Islam, as per Section-5(6) of the Bangladesh Securities and Exchange Commission Act, 1993, shall be appointed as the Bangladesh Securities and Exchange Commission from 17th May 2024 or the date of joining for four years. Re-appointment to the post of chairman of the commission was given. His salary and other benefits will be determined by the agreement executed with the Government. This order issued in public interest will be effective immediately.
According to information, after being appointed as the chairman of BSEC on May 17, 2020, the commission led by Shibli Rubaiyat-ul-Islam took several steps to turn the country’s capital market into a world-class capital market. Besides, road shows and meetings-seminars are held in different countries of the world to attract foreign investment in the capital market.
The BSEC led by Professor Shibli Rubaiyat-ul-Islam is going to pass four years amid various global crises including the war in Ukraine and Russia after the Corona situation. In this turbulent situation, the commission has taken various important decisions to control the capital market, protect the interests of investors and establish good governance. Besides, Prime Minister Sheikh Hasina has strengthened the foundation of the country’s capital market by enacting, amending, changing and revising various laws and regulations aimed at building a smart Bangladesh. During his tenure, more than one and a half hundred steps have been taken to develop the capital market and protect the interests of investors. As a result, in the last four years, the investment-friendly environment in the country’s capital market has been confirmed, the stakeholders believe. However, considering the current situation and indices of the capital market, it is believed that the investors will get the benefits in the future, even if it is not visible.
Meanwhile, Professor Shibli Rubaiyat-ul-Islam has been appointed as the Director (Board Director) of the International Organization of Securities Commissions (IOSCO), an organization of capital market regulatory agencies of different countries of the world, due to his efficiency, dedication, responsibility and competence. He became the first Bangladeshi to become the Board Director of IOSCO. At the same time, he was reappointed as the Vice Chair of the Asia Pacific Regional Committee of IOSCO. He will hold the position till 2024-26.
Professor Shibli Rubaiyat-ul-Islam was born on January 1, 1968 in Dhamrai, Dhaka. He passed SSC from Dhaka Government Laboratory High School in 1983 and HSC from Dhaka College in 1985. Later he obtained MBA degree from Dhaka University. His father Rafiqul Islam Khan was the Managing Director of National Bank till his retirement. Hasina Mumtaz, the famous singer of mother country. His wife Shenin Rubaiyat is a teacher in the English Department at BRAC University and a newsreader for BTV. The couple has two sons.
Professor Shibli Rubaiyat-ul-Islam has been involved in finance, banking and insurance education for over two decades. During this time he played an active role in many trades, chambers and studies related to finance, banking and insurance at home and abroad. He is the author of ‘E-Commerce and E-Banking’ for tertiary level and ‘Finance and Banking’ published by National Board for secondary students.
Prof Shibli has more than 16 research publications and 5 international research papers related to this subject. He specializes in law and practical banking, retail and e-banking, foreign exchange and international banking, corporate governance, business and basic insurance law. He has been nominated as ‘Guest Professor’ till 2021 at Sichuan University, Chengdu, China and Best Research Paper Presenter at BAKUMSEM Conference.