They sought resignation of BSEC chairman
Mixed reactions came from different quarters
The interim government has formed a four-member committee to strengthen the Bangladesh Securities and Exchange Commission (BSEC), the stock market regulator.
The officials are accused of unlawful confinement amid internal turmoil at BSEC
The standoff between top leadership and staff at the Bangladesh Securities and Exchange Commission (BSEC) entered its second day yesterday, following protests triggered by the forced retirement of an executive director over graft allegations on Wednesday.
Delay in resolving the issue will hurt investor confidence, says association
The activities of the Bangladesh Securities and Exchange Commission came to a halt yesterday due to officials’ protest against the forced retirement of Saifur Rahman, an executive director.
No one expects to bear the consequences of offenses committed by another person. Yet, this is exactly what is happening in the stock market, where investors are suffering due to the wrongdoings of company directors.
Nine companies are given December 15 deadline and one November 30
Analysts say the regulator’s intervention is denting investors’ confidence and it comes at a time when they are still smarting from the wounds caused by the 18-month-long floor price, a period when most of the stocks were untradeable.
Banks and financial institutions need to embrace global sustainability disclosure standards to access international financing and promote private sector development, said Mizanur Rahman, a commissioner of the Bangladesh Securities and Exchange Commission (BSEC).
The long-term imposition of the floor price has had a negative impact on the stock market, leading to the current bearish trend, according to Md Ashequr Rahman, managing director of Midway Securities.
An IMF team meets BSEC officials today
Non-bank financial institutions (NBFIs) have remained comparatively less regulated owing to a major gap between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) on some provisions relating to corporate governance, according to analysts.
Only two years ago, Bangladesh's stock market was termed 'hidden gem.'
Best Holdings is the owning entity of Le Méridien Dhaka
The company’s accumulated loss now stands at Tk 325 crore
BSEC awards nine stakeholders in three categories
BSEC to sit with the parties involved
