Staff Correspondent:

The government has established a high-level four-member committee aimed at strengthening the Bangladesh Securities and Exchange Commission (BSEC) and driving the development of the country’s capital market.

The Financial Institutions Division (FID) issued a notification on Tuesday (March 18) in this regard, following a recommendation from the BSEC.

The committee is led by Anisuzzaman Chowdhury, special assistant to the chief adviser.

Its members include Professor M Sadiqul Islam of Dhaka University’s Department of Finance and the additional secretary of the FID, with BSEC Commissioner Farzana Lalarukh serving as the member secretary.

According to the notification, the committee has been tasked with providing strategic advice to enhance the operational effectiveness of the BSEC.

It will also focus on formulating comprehensive development strategies to strengthen the capital market, with a particular emphasis on increasing the appeal of expatriate bonds.

The other responsibilities are providing policy recommendations to improve the regulation and supervision of the capital market, offering guidance to attract domestic and foreign investments while ensuring market stability, implementing measures to enhance liquidity in the capital market, promoting corporate governance standards, and creating a favourable environment for new listings and the introduction of innovative financial instruments.