Economic Reporter :
The central bank is likely going to reduce the frequency of banks’ stockmarket exposure reports from weekly to fortnightly, according to the insiders.
Bangladesh Bank will consider it if the stockmarket regulator sends a proposal, said a senior official of the central bank, quoting a decision of the coordination meeting of regulators held at the central bank’s headquarters on October 29.
Bangladesh Securities and Exchange Commission (BSEC) is yet to send any such proposal to the central bank. “We are waiting on the minutes of the last meeting. Once we get them, we will move forward,” said a senior official of BSEC.
In January, the central bank had cut short the frequency at which the banks furnished their stockmarket investment reports — from daily to weekly. Prior to that, banks sent the reports to BB on a monthly basis. The central bank monitors banks’ investments in the stockmarket with the reports.
The central bank is likely going to reduce the frequency of banks’ stockmarket exposure reports from weekly to fortnightly, according to the insiders.
Bangladesh Bank will consider it if the stockmarket regulator sends a proposal, said a senior official of the central bank, quoting a decision of the coordination meeting of regulators held at the central bank’s headquarters on October 29.
Bangladesh Securities and Exchange Commission (BSEC) is yet to send any such proposal to the central bank. “We are waiting on the minutes of the last meeting. Once we get them, we will move forward,” said a senior official of BSEC.
In January, the central bank had cut short the frequency at which the banks furnished their stockmarket investment reports — from daily to weekly. Prior to that, banks sent the reports to BB on a monthly basis. The central bank monitors banks’ investments in the stockmarket with the reports.
