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Experts at a seminar laid emphasis on critical reforms to invigorate Bangladesh's capital market, highlighting the need for quality IPOs, enhanced regulatory frameworks, and tax incentives for listed companies.
They observed that the capital market has a critical role in driving economic growth and wealth creation.
They made the observation at a seminar titled *"Strengthening Governance Framework—Way Forward to a Vibrant Capital Market"* on Wednesday at the IDEB Bhaban in the city, said a press release today.
The Institute of Chartered Secretaries of Bangladesh (ICSB) organized the seminar.
Md Mohsin Chowdhury, Commissioner, Bangladesh Securities and Exchange Commission (BSEC) graced the occasion as the chief guest, while Professor Abu Ahmed, Chairman, Investment Corporation of Bangladesh (ICB), and K A M Majedur Rahman, Member of the Capital Market Reform Taskforce, graced the occasion as special guests.
Saiful Islam, President, DSE Brokers Association of Bangladesh (DBA), and Saied Mahmud Zubayer, DGM, Product and Market Development of Dhaka Stock Exchange PLC, presented the keynote papers.
AGM Sattique Ahmed Shah, Chief Financial Officer (CFO) and Managing Director (Acting) of Dhaka Stock Exchange PLC (DSE), M Shaifur Rahman Mazumdar FCA, FCMA, Managing Director of Chittagong Stock Exchange PLC (CSE), and Minhaz Mannan Emon, Director of Dhaka Stock Exchange PLC (DSE), were the discussants of the seminar.
M Nurul Alam FCS, President-in-Charge of ICSB, chaired the session, and Md Zakir Hossain, Secretary and CEO of ICSB, gave an introductory speech.
Mohsin Chowdhury highlighted the pivotal role of capital markets in fostering economic growth, innovation, and job creation.
Emphasising the need for robust governance frameworks, he addressed challenges posed by technological advancements and evolving investor expectations, underscoring the importance of FinTech, blockchain, and AI in transforming the capital market.
He suggested strong regulatory systems to ensure transparency and market stability.
Additionally, he emphasised the growing significance of sustainability and ethical investing, urging stakeholders to prioritize ESG considerations.
He also mentioned following the 4Ps—people, process, performance, and purpose—and laid emphasis on creating awareness and introducing financial literacy from the Secondary School Certificate level.
He commended ICSB for organizing the seminar and fostering collaboration among experts.
He hoped that BSEC and ICSB will work together, and Chartered Secretaries will play a unique role in upholding governance in Bangladesh.
Acknowledging recent challenges, Nurul Alam 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, in his presentation, outlined strategies for boosting market confidence, promoting financial literacy, and encouraging institutional investment. It also addressed the importance of stronger corporate governance, ESG reporting, and Public-Private Partnerships (PPP).
Saied Mahmud Zubayer, in his keynote presentation, emphasised the need for robust governance, transparency, and regulatory oversight to rebuild investor trust.