Bangladesh Securities and Exchange Commission
A Policy Fallacy Rooted in Over-Licensing and Weak Oversight
Bangladesh, with a GDP of around USD 460 billion in 2025, has one of the most over-licensed financial sectors in South Asia. It currently hosts 61 scheduled banks, 38 non-bank financial institutions (NBFIs), over 750 licensed microfinance institutions (MFIs), alongside 13 mobile financial service (MFS) providers, 9 payment service providers (PSPs), and 12 payment system operators (PSOs). These institutions are regulated by four bodies: Bangladesh Bank (BB), the Insurance Development and Regulatory Authority (IDRA), the Microcredit Regulatory Authority (MRA), and the Bangladesh Securities and Exchange Commission (BSEC). Yet financial inclusion remains suboptimal. A substantial segment of the population, including many in urban areas, remains excluded from formal financial services.
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Prof Shibli Rubayat reappointed as BSEC chairman
Professor Shibli Rubayat-Ul Islam has been reappointed as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for another four-year term. His reappointment was officially announced in a circular released by the Ministry of Finance on Sunday (April 28).
Prof Shibli Rubayat again becomes BSEC chairman
Finance Ministry issued a gazette notification in this regard on Saturday.