Bangladesh Bank will take a series of steps, including regular meetings with the capital market watchdog, in an effort to stabilise the stockmarket and check any wrongdoing.
The central bank governor, Atiur Rahman, will sit with the Securities and Exchange Commission and other institutions tomorrow.
A report of the Ibrahim Khaled-led probe committee recommended that the two bodies sit together regularly.
“We will sit regularly to make sure there is coordination among us,” Rahman told The Daily Star.
A BB official said they will review the existing guidelines for running the capital market and discuss possible steps to invigorate the stock market.
Allegations have it that a large portion of the small and medium enterprise loan has been invested in the share market. Bangladesh Bank has set up a separate department to oversee the SME loans.
Officials of the department have already visited 65 enterprises and filed their inspection reports with the central bank high-ups. The inspection teams did not find evidence that SME loans have been diverted as alleged, a BB official said.
According to BB statistics, in the first quarter of 2011, the SME loan disbursement increased by 8 percent to Tk 3,383 crore.
In a bid to stabilise the capital market, the finance ministry issued eight directives to the SEC on Sunday on the basis of the share market probe committee report.
The probe committee recommended that 14 issues be further investigated within three months of the submission of the report.
http://www.thedailystar.net/newDesign/news-details.php?nid=188055
The central bank governor, Atiur Rahman, will sit with the Securities and Exchange Commission and other institutions tomorrow.
A report of the Ibrahim Khaled-led probe committee recommended that the two bodies sit together regularly.
“We will sit regularly to make sure there is coordination among us,” Rahman told The Daily Star.
A BB official said they will review the existing guidelines for running the capital market and discuss possible steps to invigorate the stock market.
Allegations have it that a large portion of the small and medium enterprise loan has been invested in the share market. Bangladesh Bank has set up a separate department to oversee the SME loans.
Officials of the department have already visited 65 enterprises and filed their inspection reports with the central bank high-ups. The inspection teams did not find evidence that SME loans have been diverted as alleged, a BB official said.
According to BB statistics, in the first quarter of 2011, the SME loan disbursement increased by 8 percent to Tk 3,383 crore.
In a bid to stabilise the capital market, the finance ministry issued eight directives to the SEC on Sunday on the basis of the share market probe committee report.
The probe committee recommended that 14 issues be further investigated within three months of the submission of the report.
http://www.thedailystar.net/newDesign/news-details.php?nid=188055
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