Bangladesh Securities and Exchange Commission’s New Chairman Aims to Implement Turnaround Strategies

Professor Shibli Rubayat Ul Islam has been appointed by the Government of Bangladesh as the new Chairman of the Bangladesh Securities and Exchange Commission (BSEC). Effective the 17th of May 2020, Professor Shibli will hold this position for the next four years.

According to market analysts, the BSEC has been facing a host of challenges including a lack of sound companies listed on the Exchange, as well as weakening investor confidence. The latter has been exacerbated by several factors including money market volatility, poor tax revenue collection, high levels of state borrowings from banks, a liquidity crunch, with the most recent tailwind being the impacts of COVID-19. Although the Government has provided support vi...