BB, BSEC to work together to bolster stock markets

 
Bangladesh Bank (BB) and Bangladesh Securities & Exchange Commission (BSEC) have agreed to work together to boost the country's capital market. BSEC Chairman Khondaker Rashed Maksud made this remark on Wednesday after having a meeting with Bangladesh Bank Governor Dr. Ahsan H Mansur.

Khondaker Rashed Maksud said that all necessary initiatives would be taken to drive forward the stock markets in Bangladesh. Bangladesh Bank has assured to extend all out support for this purpose, Khondaker Rashed Maksud further said.

Khondaker Rashed Maksud stated that he talked to Bangladesh Bank Governor Dr. Ahsan H Mansur about implementing certain reforms in stock markets. The immediate past ruling party Awami League was overthrown from power by a mass upsurge on 5 August 2024. Bangladesh Bank's Governor of that time Abdur Rauf Talukder resigned from the central bank's top post on 9 August 2024. Professor Shibli Rubayat Ul Islam stepped down from the Chairman post of BSEC within a couple of days.

Inflation in Bangladesh is very close to 12% while an interim government headed by Nobel Laureate Professor Dr. Muhammad Yunus was sworn in on 8 August 2024. Dr. Ahsan H Mansur took charge of the central bank's Governor position on 14 August 2024.

On the other hand, Khondaker Rashed Maksud has been recently appointed in the BSEC Chairman post. Earlier Khondaker Rashed Maksud was serving World Bank Group's International Finance Corporation as its Strategic and Business Development Adviser.