BRAC Bank Limited organised a seminar on "Foreign Exchange Market Development: The Way Forward". Mr. Selim R. F. Hussain, Managing Director & CEO, BRAC Bank Limited, inaugurated the seminar at a city hotel in Dhaka. Mr.Chowdhury Akhtar Asif, Deputy Managing Director & CRO, Mr.Md. Shaheen Iqbal, Head of Treasury & Financial Institutions, BRAC Bank, were present along with Head of Treasury of different banks. Mr. Arvind Narayanan, ED & Head of Sales, Treasury & Markets, DBS Bank Ltd., India, was the key resource person in the seminar. The seminar discussed current global and local foreign exchange market dynamics, various FX products, risk management and scope for market development. The seminar created a platform for interaction between the key participants in the local interbank FX market and for discussing various initiatives that can be undertaken to further improve the market. Takeaways of the seminar included the coordination among regulator and market participants, active foreign exchange dealers' association, application of basic derivative product structures for proper hedging against adverse interest and exchange rate movement and moving ahead capitalizing on the experience of neighboring markets.
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