Publication:
Bangladesh - Non-Lending Technical Assistance on Capital Markets

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-02-15T18:04:10Z
dc.date.available2013-02-15T18:04:10Z
dc.date.issued2011-06
dc.description.abstractThe Bangladesh stock market experienced significant volatility in late 2010 and early 2011 which took stock values high above fundamentals and threatened the stability of the financial system. This note takes a systematic look at the capital markets underpinnings in Bangladesh, including the regulatory framework, the rule-making bodies and enforcement issues. It also addresses systemic weaknesses responsible for market instability which was observed at the end of 2010 and early 2011. The note analyses the outlines specific areas of potential vulnerabilities of securities markets, as assessed against appropriate practice guidelines for stability, sustainability, transparency, and enforcement. A plan of action going forward is also suggested. This note draws on a considerable amount of prior analytical work. Bangladesh capital markets remain ineffective. The government debt securities markets are illiquid preventing the Bangladesh financial system from relying on a market-based yield curve. Bangladesh has yet to develop an active money market. Trading of treasury bills in the secondary market is limited because these instruments, along with treasury bonds, make up the statutory liquidity reserve and are therefore generally held until maturity by commercial banks and other financial institutions. Trading is also thin in repurchase agreements, for two main reasons. First, commercial banks have a weak treasury function, and most do not actively manage liquidity. Second, there is no standard master repurchase agreement, a gap that should be addressed to support orderly development of the repo market.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/06/16238773/bangladesh-non-lending-technical-assistance-capital-markets
dc.identifier.doi10.1596/12365
dc.identifier.urihttps://hdl.handle.net/10986/12365
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectASSET CLASSIFICATION
dc.subjectAUCTIONS
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKING LAW
dc.subjectBANKING REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR ASSETS
dc.subjectBENCHMARK BONDS
dc.subjectBOND
dc.subjectBOND ISSUANCE
dc.subjectBOND ISSUES
dc.subjectBOND MARKET
dc.subjectBOND MARKETS
dc.subjectBONDS
dc.subjectBOOK ENTRY
dc.subjectBRANCH NETWORKS
dc.subjectBROKERAGE
dc.subjectBROKERAGES
dc.subjectBROKERS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET ACTIVITIES
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL MARKETS REGULATORS
dc.subjectCAPTIVE INVESTORS
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL DEPOSITORY
dc.subjectCENTRAL DEPOSITORY SYSTEM
dc.subjectCHECK CLEARING
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK BRANCHES
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL PAPER
dc.subjectCOMMERCIAL PAPER MARKET
dc.subjectCOMMON LAW
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORPORATE BOND
dc.subjectCORPORATE BOND MARKET
dc.subjectCORPORATE BOND MARKETS
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE BORROWERS
dc.subjectCORPORATE DEBT
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBENTURE
dc.subjectDEBENTURE HOLDERS
dc.subjectDEBENTURES
dc.subjectDEBT INSTRUMENTS
dc.subjectDEBT OUTSTANDING
dc.subjectDEBT SECURITIES MARKETS
dc.subjectDEMAND FOR GOVERNMENT SECURITIES
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectENFORCEMENT POWERS
dc.subjectEQUITIES
dc.subjectEQUITY MARKET
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE COMMISSION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN INVESTORS
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT MARKET
dc.subjectGOVERNMENT DEBT SECURITIES
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT SECURITIES
dc.subjectHOLDINGS
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME RECOGNITION
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFRASTRUCTURE BONDS
dc.subjectINSIDER TRADING
dc.subjectINSTITUTIONAL INVESTOR
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE CORPORATION
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE PENETRATION
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISK
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT INSTRUMENT
dc.subjectINVESTMENT INSTRUMENTS
dc.subjectINVESTMENT POLICY
dc.subjectINVESTMENT RESTRICTIONS
dc.subjectINVESTOR BASE
dc.subjectINVESTOR DEMAND
dc.subjectINVESTORS IN GOVERNMENT SECURITIES
dc.subjectISLAMIC BANKS
dc.subjectISLAMIC BOND
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDERS
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY POSITION
dc.subjectLOAN
dc.subjectLONG-TERM DEBT
dc.subjectMALFEASANCE
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET INSTABILITY
dc.subjectMARKET REGULATORS
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY POLICY
dc.subjectMONEY MARKET
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND INDUSTRY
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL INVESTMENT
dc.subjectNATIONAL SAVINGS
dc.subjectNON-PERFORMING LOANS
dc.subjectOUTSTANDING AMOUNTS
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSIONS
dc.subjectPOST OFFICE
dc.subjectPRIMARY MARKET
dc.subjectPRIMARY MARKETS
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE BOND
dc.subjectPRIVATE BONDS
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE DEBT MARKETS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE PLACEMENTS
dc.subjectPRODUCTIVE INVESTMENT
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC INVESTMENT
dc.subjectREGISTRATION FEE
dc.subjectREGISTRATION FEES
dc.subjectREGULATORY CAPACITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY STRUCTURE
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREPO
dc.subjectREPO FACILITY
dc.subjectREPO MARKET
dc.subjectREPOS
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETAIL INVESTORS
dc.subjectRETURNS
dc.subjectREVERSE REPO TRANSACTIONS
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS CERTIFICATES
dc.subjectSECONDARY MARKET
dc.subjectSECONDARY MARKET TRADING
dc.subjectSECONDARY MARKETS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSECURITIES REGULATION
dc.subjectSECURITIES TRANSACTIONS
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSMALL INVESTORS
dc.subjectSOVEREIGN GUARANTEE
dc.subjectSTAMP DUTIES
dc.subjectSTATUTORY LIQUIDITY
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK EXCHANGES
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET PRICES
dc.subjectSTOCK MARKET VOLATILITY
dc.subjectSTOCKS
dc.subjectSURPLUS LIQUIDITY
dc.subjectT-BILL
dc.subjectT-BILLS
dc.subjectT-BONDS
dc.subjectTAX
dc.subjectTRADING SYSTEM
dc.subjectTRANSACTION
dc.subjectTRANSFER OF SECURITIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTREASURY BONDS
dc.subjectTRUSTEE
dc.subjectTRUSTEES
dc.subjectTURNOVER
dc.subjectUNDERWRITERS
dc.subjectYIELD CURVE
dc.titleBangladesh - Non-Lending Technical Assistance on Capital Marketsen
dspace.entity.typePublication
okr.date.disclosure2012-04-23
okr.date.doiregistration2025-05-07T10:57:32.331068Z
okr.doctypeEconomic & Sector Work::Commodities Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/06/16238773/bangladesh-non-lending-technical-assistance-capital-markets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid946101468014063455
okr.identifier.externaldocumentum000356161_20120424011125
okr.identifier.internaldocumentum16238773
okr.identifier.report68242
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/24/000356161_20120424011125/Rendered/PDF/682420ESW0WHIT067918B0June03002011.pdfen
okr.region.administrativeSouth Asia
okr.region.countryBangladesh
okr.sectorFinance :: Capital markets
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.unitFinance & PSD Department (SASFP)
okr.volume1 of 1
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