Investors’ expectations of stock exchange board always high: BSEC chairman

Investors always have high expectations of the stock exchange board of directors as all kinds of activities on the capital market are conducted centering on the bourse, the securities regulator chairman has said.  
 
Professor Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), said the purpose of "all of us" is to take the capital market forward. 

"To this end, the BSEC will provide all possible policy support to the Chittagong Stock Exchange (CSE)," he told a meeting with CSE officials on Tuesday.

BSEC Commissioner Khondoker Kamaluzzaman was present at the meeting. Other commissioners Shaikh Shamsuddin Ahmed, Professor Dr Md Mizanur Rahman and Md Abul Halim, plus executive directors Md Anowarul Islam and Md Saifur Rahman were also present.

CSE Chairman Asif Ibrahim said the capital market needs to play a more active role considering the recent economic condition of Bangladesh. 

"In the meantime, several timely steps by BSEC have played a significant role in bringing confidence to the capital market. Expansion of the scope of business development of the stock exchange is essential for further development and excellence," he said.  

"Some timely products and strategies can make the capital market more dynamic, such as netting, API sharing and settlement at T Plus Zero," added Asif. 

At the meeting, a report was presented by the CSE with the objective of expanding the scope of business development of the stock exchange for development and improvement of the capital market.

The CSE delegation included Independent Director Md Liaquat Hossain Chowdhury, Managing Director Mamun-ur-Rashid and Chief Technical Officer Mohammad Mezbah Uddin. 

The attendees presented their views and suggestions. They agreed with the statements of BSEC's and CSE's chairmen, and vowed to take the capital market forward.