Govt forms four-member committee to strengthen BSEC

The government has formed a four-member committee to strengthen the Bangladesh Securities and Exchange Commission (BSEC), the stock market regulator.

The committee will also work on the development of the local stock market, according to a circular issued by the Financial Institutions Division (FID) of the Finance Ministry.

Chief Adviser’s special assistant Dr Anisuzzaman Chowdhury will be the chairman of the committee and BSEC commissioner Farzana Lalarukh will serve as the member secretary.

Prof M Sadiqul Islam of the Finance Department at Dhaka University and an additional secretary at the insurance and capital market department of the FID will also be included in the committee.

The committee will recommend ways to strengthen the regulatory and monitoring activities of the stock market, attract investment and expatriate bonds, and stabilize the market.

Additionally, it will provide suggestions to increase liquidity in the market, improve corporate governance, and create a favourable environment for new companies to enter the capital market. (BSS)