Bangladesh Securities and Exchange Commission (BSEC) is going to implement a set of measures including enhancing the participation of banking and non-banking institutions in the capital market to improve its current state.
Executive Director(ED) of BSEC Saifur Rahman told barta24.com that the decision came from a policy meeting to improve the capital market held at the Prime Minister’s Office (PMO) on Thursday (Jan.16).
The ED said the meeting discussed in details about some short-term and long-term programs to infuse dynamism into the capital market and improve it further. The BSEC has been given directive in the meeting to implement some short-term decisions soon.
The decisions also include making arrangement for providing loan facilities to the merchant bankers and institutional investors on simple condition, increasing the investment capacity of the Investment Corporation of Bangladesh (ICB), taking necessary step to attract foreign investment and creating confidence in the local market.
The other decisions are taking measures for boosting the institutional investment and taking steps to enlist the multinational companies and state owned enterprises and companies to increase the supply of quality IPOs in the market.
The meeting was informed that the higher level of the government would take due steps in this regard while steps will also be taken gradually identifying the long-term problems.