Bond is one of the country's capital market products or instruments. However, the bond market has not yet developed in the country. Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market, wants to take the bond market to a better position, said the company's commissioner Farzana Lalarukh.
The BSEC Commissioner said this while addressing a meeting titled 'The Role of the Trustee' to ensure compliance in the issue of bond or sukuk issue on Wednesday. The meeting was organized in the BSEC Multipurpose Hall in Agargaon, the capital. Senior officials of various insurance companies, non -bank financial institutions, merchant banks, etc., who played the role of the trustee participated there.
BSEC Commissioner Farzana Lalarukh said, “We want to bring the bond market to the development stage. Without the bond market, diversified (diversified) capital markets are not possible. Fixed income securities, such as corporate bonds, Sukuk, etc. can play a special role in the development of the capital market. The government is also promptly and various initiatives and decisions for the development of this bond market. '
Referring to the work of BSEC, ensuring good governance and handling the market in a healthy and orderly manner, Farzana Lala Rukh said, “Trustee has a huge role in the management and development of the bond market. The trustee has the responsibility of protecting the interests of investors in the bond market. For this, the Bond market will act as a determinant or determinant of the trustee in the performance of the market and its future progress. That is the main goal of today's meeting so that the trust can play the right role. '
Besides, BSEC Commissioner Farzana Lalarukh requested that all the people in the Bond market, including the Bond default platform created by the BSEC, the Bond market.
At the meeting, BSEC joint director Syed Golam Mawla gave the presentation titled 'The Roll of Trustee in Aneshurning Compliance for Bond/Sukuk Issue'. According to the laws and regulations of the bond or sukuk, the trustee's role in ensuring compliance or good governance is detailed.
BSEC Executive Director of the meeting. Ashraful Islam gave a presentation on the BSEC's 'Date Securities Reading Monitoring System (DSRMS)' as well as the Bond default platform. He exhibited and discussed the meeting on various aspects of the platform that was running the pilot testing.
In the closing address, Mohammad Rezaul Karim, another executive director of the BSEC, said that everyone, including the trustees, should play an important role in making investors in the bond market and boost confidence. BSEC has taken initiatives for structural development for the bond market. The role of the trustee needs to be strengthened for the development of the market.
