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Published : 04 Jun 2026, 04:54 PM
The new Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan has said the regulator’s key focus is to build a more institution-driven capital market.
He said the regulator wants to transform the country from a retail-driven frontier market into an emerging market backed by stronger institutional participation.
“It is unfortunate that the capital market has not evolved in line with the country’s economic growth,” he added.
On Thursday, Masud arrived at the BSEC Headquarters in Agargaon with commissioners Nahid Mahtab, Tanwir Habib Rahman and Nafeez Al Tarik and outlined the new commission's priorities.
Earlier in the day, former chairman Khondoker Rashed Maqsood resigned from the post.
Four commissioners also stepped down, before the Financial Institutions Division appointed Masud and the three new commissioners.
A chartered accountant and seasoned corporate professional, Masud Khan said “excessive” regulation would not define the market going forward.
“Overregulation will not be the approach. Regulation will be applied where necessary, while the rest of the market will be made more technology-driven and flexible.”
He observed that modern Bangladesh stands far stronger than it did two decades ago, praising local entrepreneurs for building world-class organisations by overcoming steep obstacles.
The regulatory chief pointed out that mutual funds ought to have been one of the strongest pillars of the financial landscape but fell short of expectations, largely because reputable businesses have stayed away from going public.
He asserted that a “vibrant, high-calibre” stock exchange requires top-tier corporations to seek listing.
Masud said companies exceeding certain thresholds in bank borrowing and capital size would be required to enter the capital market through listing.
Prime Minister's Special Assistant Tanvir Ghani and Financial Institutions Division Secretary Nazma Mobarek were also present during the briefing.
