Business Desk :
Stock market stakeholders on Saturday said that transparency, accountability and good corporate governance should be ensured to establish the concept that the capital market is the main source of funds for industrialization.
They also said that enlistment of good quality companies, product diversification such as creation of bond market and same database in the financial statements of all stakeholders should be there for the transparency of listed companies.
They made these remarks at a webinar, titled “Towards a sustainable capital market: The drivers of growth”, which was jointly organized by the Capital Market Journalists’ Forum (CMJF) and Bangladesh Merchant Bankers Association (BMBA).
CMJF General Secretary Munir Hussain moderated the webinar while the Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam was the chief guest.
Eunusur Rahman, Chairman of Dhaka Stock Exchange (DSE), Asif Ibrahim Chairman of Chittagong Stock Exchange (CSE), Sharif Anwar Hossain President of DSE Brokers Association (DBA) and Dr. Hasan Imam, and President of AMC Association, also joined the webinar as special guests.
Md Moniruzzaman, the managing director of IDLC Investments Limited, presented the keynote paper.
BSEC Chairman Professor Shibli Rubayat-Ul-Islam said, the recent steps taken by the new commission aimed to protect retail investors’ rights and regain their confidence.
“We’ve expedited the process for enforcing actions against non-compliant entities, next-level automation of the market infrastructure for ensuring efficiency; as well as approving new debt securities,” he said.
Shibli also said that they are trying to increase financing through the capital market. “We will establish the concept that the capital market is the main source of funds for industrialization.”
The BSEC Chairman said general investors suffer when bad companies with questionable financial fundamentals enter the market. “The commission will not allow anything that hurts the investors,” he said.
Stock market stakeholders on Saturday said that transparency, accountability and good corporate governance should be ensured to establish the concept that the capital market is the main source of funds for industrialization.
They also said that enlistment of good quality companies, product diversification such as creation of bond market and same database in the financial statements of all stakeholders should be there for the transparency of listed companies.
They made these remarks at a webinar, titled “Towards a sustainable capital market: The drivers of growth”, which was jointly organized by the Capital Market Journalists’ Forum (CMJF) and Bangladesh Merchant Bankers Association (BMBA).
CMJF General Secretary Munir Hussain moderated the webinar while the Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam was the chief guest.
Eunusur Rahman, Chairman of Dhaka Stock Exchange (DSE), Asif Ibrahim Chairman of Chittagong Stock Exchange (CSE), Sharif Anwar Hossain President of DSE Brokers Association (DBA) and Dr. Hasan Imam, and President of AMC Association, also joined the webinar as special guests.
Md Moniruzzaman, the managing director of IDLC Investments Limited, presented the keynote paper.
BSEC Chairman Professor Shibli Rubayat-Ul-Islam said, the recent steps taken by the new commission aimed to protect retail investors’ rights and regain their confidence.
“We’ve expedited the process for enforcing actions against non-compliant entities, next-level automation of the market infrastructure for ensuring efficiency; as well as approving new debt securities,” he said.
Shibli also said that they are trying to increase financing through the capital market. “We will establish the concept that the capital market is the main source of funds for industrialization.”
The BSEC Chairman said general investors suffer when bad companies with questionable financial fundamentals enter the market. “The commission will not allow anything that hurts the investors,” he said.
