State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
Governance of the Capital Market
Addressing the Market related Malpractices
➤ Market related malpractices have been exposed during the pandemic period in
number of ways including (a) offloading of IPOs; (b) transactions in the
secondary market; (c) targeted collusive practices in low value chares; (d)
involvement of institutional investors; (e) involvement of big investors and (f) use
of social media for manipulation.
➤ BSEC took various initiatives to stop these manipulations which includes (a)
development of database, (b) forming of special bodies (c) separate intelligence
wing (d) preventing social media manipulation
□ Coordination between BSEC and BB
➤ Since the initial period of pandemic, BB and the BSEC undertook a set of
decisions considering the operation of the market including strengthening of their
mutual coordination, disbursement of cash dividend, inspire the banks to
accelerate the formation of the special funds worth BDT 2.0 billion
➤ During the later phase of pandemic, disagreement between BB and BSEC became
visible in the context of some recent stock market related decisions making that
deepen further following a recent stock market regulator move that curtails
banks' power to cancel payments to bondholders.
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
71View entire presentation