The interim government has constituted a four-member committee to strengthen the Bangladesh Securities and Exchange Commission (BSEC) and facilitate the development of the local stock market, as per a circular issued yesterday by the Financial Institutions Division (FID) of the Ministry of Finance.
Anisuzzaman Chowdhury, a special assistant to the chief adviser with the rank of a state minister, has been appointed as the chairman of the panel.
Other members include Prof M Sadiqul Islam from Dhaka University's finance department and an additional secretary from the FID's Insurance and Capital Market Department.
Farzana Lalarukh, a commissioner of the BSEC, will serve as the member secretary of the committee.
The formation of the committee comes in response to a request from the BSEC following the chaotic events of 5 March, when BSEC officials confined its chairman and commissioners to demand reforms.
The panel has been tasked with strengthening the regulatory and monitoring mechanisms of the stock market, attracting investment, and ensuring market stability.
Additionally, it will propose measures to boost market liquidity, enhance corporate governance, and create a more conducive environment for new companies to enter the capital market.
