BSEC chairman announces regular audit of brokerage houses to restore trust
Call to bring Banglalink to List in Stock Market
- Debate for Democracy Chairman Hasan Ahmed Chowdhury Kiran emphasized listing mobile operator Banglalink in stock market
- BSEC will introduce regular audits of brokerage houses to prevent anomalies and restore investors trust
- Direct listing facility will be launched to attract large multinational corporations into local market
Debate for Democracy Chairman Hasan Ahmed Chowdhury Kiran has urged mobile operator Banglalink and other renowned multinational companies to enroll in the capital market. Meanwhile, Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan stated that regular audits are being organized for brokerage houses to curb irregularities and restore investor confidence. He mentioned that if good companies can be listed, there will be no need for roadshows, adding that wasting money on roadshows is unacceptable.
On Saturday, July 18, the BSEC chief made these assurances while addressing a mock parliamentary debate titled 'Way Forward to Mitigate Confidence Crisis in Stock Market' as the chief guest at the Bangladesh Film Development Corporation (FDC) premises in the capital.
Masud Khan stated, "To bring back investor confidence in the capital market, ensuring good governance and accountability in the regulatory body is essential alongside political willingness. Direct listing will be introduced to attract reputed multinational companies and large industrial groups." Presiding over the event, Debate for Democracy Chairman Hasan Ahmed Chowdhury Kiran remarked, "It is crucial to list multinational institutions like Banglalink, Standard Chartered Bank, MetLife, Nestle Bangladesh, and P&G in the stock market."
In the debate competition, Prime University won by defeating Sonargaon University. Professor Abu Muhammad Rais, along with journalists Maionul Alam, Faruk Mehedi, Iqbal Ahsan, and Hossain Shahadat, served as judges.
//DBTech/DHE/SME//
