Bangladesh Bank on Wednesday said it would seek suggestions from Bangladesh Securities and Exchange Commission when it (central bank) would issue fresh rules and regulations for the country’s capital market. The decision came from a meeting between the BB and the BSEC at the central bank headquarters in the capital. BB deputy governor Abu Hena Mohd Razee Hassan presided
over the meeting while senior
officials of the central bank and BSEC commissioners Md Amzad Hossain and Arif Khan attended the meeting.
After the meeting, Razee told reporters that from now on the central bank would arrange regular meetings with the BSEC at the working level of the two regulators in a bid to boost the capital market.
The two regulators would be able to ensure coordination through
arranging the meetings which would ultimately ensure the stability in the money market and the capital market, he said.
The central bank would take suggestions and advice from the BSEC before issuing capital market related rules and regulations to avoid any confusion, he said.
The BB deputy governor said, ‘Sometimes confusion arises between the BB and the BSEC after taking steps by the central bank. Such type of confusion will be avoided by arranging the meetings’.
A BB official said that the central bank had recently asked the banks to submit reports on their daily basis investment in the capital market which was opposed by the BSEC.
The central bank then asked the banks to submit their complied daily reports after every five working days, he said.
BSEC commissioner Arif Khan told reporters that the senior
officials of the two regulators had discussed at the meeting on how to strengthen the coordination among themselves.
-With New Age input
