Dhaka, Bangladesh (BBN) – The Bangladesh Bank (BB) will meet with high officials of the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday afternoon, officials said.
“We may assure the capital market regulator to extend our supports for bringing dynamism in the country’s share market,” a BB senior told BBN without elaborating.
Talking to the BBN, another BB official said the meeting will also discuss the implementation of rules and regulations relating to share market exposures by the commercial banks in line with the Banking Companies (Amended) Act 2013.
Earlier on September 16 last year, the BB asked the commercial banks to bring down their overall capital market investment within 25 per cent of total capital by July 21, 2016 to minimise risks in investment portfolios.
The banks are allowed to adjust their capital market exposures gradually without hindering the activities of the market, the central banker explained.
The central bank has already intensified its monitoring and supervision of investment in share market by the commercial banks aiming at avoiding any unwanted situation in future.
BBN/SSR/AD-07May14-12:28 pm (BST)
