Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan today asserted that the commission is operating independently without any political pressure. Speaking at a shadow parliament debate titled "Necessary Steps to Restore Confidence in the Capital Market", organized by Debate for Democracy at the FDC in Dhaka, he emphasized that listing fundamentally strong companies would naturally attract investors and restore confidence in the market.
Khan stated that organizing overseas roadshows to attract investors is unnecessary. Instead, he believes that listing financially sound and reputed companies would make the market naturally attractive to investors. The BSEC chief also mentioned that the commission has taken initiatives to bring large multinational and leading local companies to the market through direct listing to reduce procedural delays.
The BSEC Chairman highlighted that the regulator has introduced regular audits and various reform measures to curb irregularities at brokerage houses, expressing hope that these initiatives would enhance market transparency and help restore investors' confidence. He emphasized that ensuring good governance and accountability in the capital market requires strong political commitment.
Referring to the government's policy commitments, Khan said positive steps are being taken to implement reforms, while the prime minister and finance minister have assured the commission that it can function independently. "As a result, there is currently no political pressure on the BSEC," he added.
Debate for Democracy Chairman Hasan Ahmed Chowdhury Kiron, speaking as president of the event, said the country's capital market has suffered a prolonged crisis of confidence due to years of manipulation, weak regulation, and poor governance. However, he noted that some recent initiatives by the current commission, particularly the withdrawal of the long-debated floor price mechanism, were timely steps toward restoring normalcy in the market.
