Dhaka, Bangladesh (BBN) – Bangladesh Bank (BB) Governor Atiur Rahman on Sunday suggested close monitoring of the country’s share market to protect investors’ interest.
The central bank chief also said the Securities and Exchange Commission (SEC) has been doing its job to keep normalcy at the market.
“The central bank should also keep an eye on the banks, listed with the stock market to ensure that they also follow the rules and regulations,” Dr Atiur told reporters in Dhaka.
He disregarded the claim that the country’s stock market had already become overheated. “I do not want to use the word `overheated’ yet, but would like to say that there is risk if the market is not monitored properly.”
The governor made the comment on a day when Dhaka Stock Exchange (DSE) experienced a correction in its general index with a 103-point slide. The DGEN dropped to 2966.04 on the day from last week’s closing of over 3010 points.
The BB governor also said that the central bank had been monitoring the activities of the listed banks. “We are observing their performance regularly so that none of the banks can be involved in the risky business of the stock market,” he added.
Dr Atiur earlier inaugurated a he Bangladesh Bank Training Academy (BBTA) training program for the central bank’s newly appointed assistant directors and distributed crests and certificates to the assistant directors who finished a similar training successfully.
BBN/SS/SI/AD-06July09-3:22 am (BST)