2024-04-23 09:47:02
Bangladesh Securities and Exchange Commission (BSEC) held a meeting with market intermediaries on Monday (April 22) to deal with the ongoing crisis in the capital market. Initially, three decisions have been taken to overcome the current crisis in the capital market.
BSEC office Commissioner Dr. The meeting was held at BSEC office under the chairmanship of Sheikh Shamsuddin Ahmed. This information has been informed in a press release sent by BSEC.
According to the notice, three decisions have been taken initially to overcome the current crisis in the capital market to deal with the ongoing situation. These are – providing support to the market from the dealer accounts of each institution, activating investments by meeting with the treasury heads of the banks and increasing the investment of mutual funds.
Managing Director of Dhaka Stock Exchange (DSE), DSE Brokerage Association (DBA), merchant bankers association Bangladesh Merchant Bankers Association (BMBA) and top executives of 10 major brokerage houses were present.
BSEC commissioner at the meeting. Sheikh Shamsuddin Ahmed said, capital market participants and brokers are working directly with the market. The regulatory body BSEC takes the views of the market stakeholders seriously and the aim of BSEC is to ensure the prosperity of the country’s capital markets through the opinions and suggestions of the market stakeholders on various capital market issues.
He said that the BSEC will take into account the opinions and suggestions of the market stakeholders in today’s meeting to deal with the current situation of the capital market. As the economic situation and financial position of Bangladesh improves and the country’s capital market is expected to return to a vibrant and robust form soon.
He expressed optimism about the development of the country’s capital market by ensuring the interests of investors and the protection of capital with the collective efforts of all.
In the meeting, the executive director of BSEC Mohammad Rezaul Karim highlighted the challenges in the current situation of the capital market and highlighted the issues to be done and called for increasing the investment of BSEC registered institutions (stock dealers, merchant banks, asset management companies, mutual funds etc.). He also gave an opinion on a meeting with the heads of treasuries of the banks regarding increasing the bank’s investment.
At this time, the various problems existing in the current capital market were discussed in detail in the meeting and the representatives of BSEC and brokerage houses agreed to work together to take necessary steps to solve the problem.