Staff Correspondent

The Dhaka Stock Exchange (DSE) Brokers Association (DBA) has demanded a task force to reform and develop good governance in the capital market like banks.

The DBA wrote to the Finance Adviser Dr. Salehuddin Ahmed in this regard on Sunday. The letter was signed by DBA President Saiful Islam, DBA Secretary Md. Didarul Gani confirmed this.

The letter made several recommendations, including the formation of a task force for the development and good governance of the capital market.

According to DBA, the DSE has been operating in the capital market for almost 70 years. On the other hand, the Bangladesh Securities and Exchange Commission (BSEC) was established in 1992-1993. The BSEC has been serving as the main regulatory body in the same sector for more than 30 years.

Bangladesh's capital market is far from a source of capital formation and a sector of employment creation considering the goals, tenure, tradition, and role of these two organizations.

“The sad thing is that even after this long time, our capital market has not yet developed as an industry, business sector, and a general sustainable income sector,” mentioned in the letter.

According to stock brokers, the interim government has formed several task forces for reforms in the banking, economy, constitution, etc. sectors.

“We expect the Interim Government to soon constitute a task force for reforming the capital market sector with a view to the development and progress of a large sector like the capital market, following its objectives and policies,” said DBA letter to finance adviser.

At this time, DBA made several recommendations to reform the capital market.