Collective effort needed to build resilient capital market in BD

Institute of Chartered Secretaries of Bangladesh (ICSB) organised a seminar titled "Strengthening Governance Framework-Way Forward to a Vibrant Capital Market" at the IDEB Bhaban in the city on Wednesday.

Md Mohsin Chowdhury, Commissioner, Bangladesh Securities and Exchange Commission (BSEC), attended the seminar as the chief guest while Prof Abu Ahmed, Chairman, Investment Corporation of Bangladesh (ICB), and KAM Majedur Rahman, Member of Capital Market Reform Taskforce, were the special guests.

Saiful Islam, President, DSE Brokers Association of Bangladesh (DBA), and Saied Mahmud Zubayer, DGM, Product & Market Development of Dhaka Stock Exchange PLC (DSE), presented keynote papers. AGM Sattique Ahmed Shah, Chief Financial Officer (CFO) & Managing Director (Acting) of DSE, M Shaifur Rahman Mazumdar, Managing Director of Chittagong Stock Exchange PLC (CSE), and Minhaz Mannan Emon, Director of DSE, were the discussants of the seminar.

M Nurul Alam FCS, President-in-Charge of ICSB, chaired the session and Md Zakir Hossain, Secretary & CEO of ICSB, gave an introductory speech.

Md Zakir Hossain, Secretary & CEO of ICSB, outlined the brief history of ICSB and CS profession.

M Nurul Alam, President-in-Charge of ICSB, emphasised the critical role of capital markets in driving economic growth and wealth creation. Acknowledging recent challenges, he highlighted the seminar's focus on identifying barriers and proposing reforms to enhance market efficiency, transparency and inclusivity.

He urged participants to foster innovation and collaboration, underscoring the collective effort needed to build a resilient capital market in Bangladesh.

Saiful Islam emphasised critical reforms to invigorate Bangladesh's capital market, highlighting the need for quality IPOs, enhanced regulatory frameworks and tax incentives for listed companies.