Publication:
Bangladesh - Non-Lending Technical Assistance on Capital Markets
dc.contributor.author | World Bank | |
dc.date.accessioned | 2013-02-15T18:04:10Z | |
dc.date.available | 2013-02-15T18:04:10Z | |
dc.date.issued | 2011-06 | |
dc.description.abstract | The 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.identifier | http://documents.worldbank.org/curated/en/2011/06/16238773/bangladesh-non-lending-technical-assistance-capital-markets | |
dc.identifier.uri | http://hdl.handle.net/10986/12365 | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | Washington, DC | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | ACCOUNTING | |
dc.subject | ACCOUNTING STANDARDS | |
dc.subject | ASSET CLASSIFICATION | |
dc.subject | AUCTIONS | |
dc.subject | BANKING INSTITUTIONS | |
dc.subject | BANKING LAW | |
dc.subject | BANKING REGULATION | |
dc.subject | BANKING SECTOR | |
dc.subject | BANKING SECTOR ASSETS | |
dc.subject | BENCHMARK BONDS | |
dc.subject | BOND | |
dc.subject | BOND ISSUANCE | |
dc.subject | BOND ISSUES | |
dc.subject | BOND MARKET | |
dc.subject | BOND MARKETS | |
dc.subject | BONDS | |
dc.subject | BOOK ENTRY | |
dc.subject | BRANCH NETWORKS | |
dc.subject | BROKERAGE | |
dc.subject | BROKERAGES | |
dc.subject | BROKERS | |
dc.subject | CAPITAL MARKET | |
dc.subject | CAPITAL MARKET ACTIVITIES | |
dc.subject | CAPITAL MARKET DEVELOPMENT | |
dc.subject | CAPITAL MARKETS | |
dc.subject | CAPITAL MARKETS REGULATORS | |
dc.subject | CAPTIVE INVESTORS | |
dc.subject | CDS | |
dc.subject | CENTRAL BANK | |
dc.subject | CENTRAL DEPOSITORY | |
dc.subject | CENTRAL DEPOSITORY SYSTEM | |
dc.subject | CHECK CLEARING | |
dc.subject | COMMERCIAL BANK | |
dc.subject | COMMERCIAL BANK BRANCHES | |
dc.subject | COMMERCIAL BANKING | |
dc.subject | COMMERCIAL BANKS | |
dc.subject | COMMERCIAL PAPER | |
dc.subject | COMMERCIAL PAPER MARKET | |
dc.subject | COMMON LAW | |
dc.subject | CONFLICT OF INTEREST | |
dc.subject | CONSUMER PRICE INDEX | |
dc.subject | CORPORATE BOND | |
dc.subject | CORPORATE BOND MARKET | |
dc.subject | CORPORATE BOND MARKETS | |
dc.subject | CORPORATE BONDS | |
dc.subject | CORPORATE BORROWERS | |
dc.subject | CORPORATE DEBT | |
dc.subject | CORPORATE GOVERNANCE | |
dc.subject | CREDIT RATING | |
dc.subject | CREDIT RATING AGENCIES | |
dc.subject | CURRENT ACCOUNT SURPLUS | |
dc.subject | DEBENTURE | |
dc.subject | DEBENTURE HOLDERS | |
dc.subject | DEBENTURES | |
dc.subject | DEBT INSTRUMENTS | |
dc.subject | DEBT OUTSTANDING | |
dc.subject | DEBT SECURITIES MARKETS | |
dc.subject | DEMAND FOR GOVERNMENT SECURITIES | |
dc.subject | DEPOSIT | |
dc.subject | DEPOSITS | |
dc.subject | DEVELOPMENT BANK | |
dc.subject | ENFORCEMENT POWERS | |
dc.subject | EQUITIES | |
dc.subject | EQUITY MARKET | |
dc.subject | EXCESS LIQUIDITY | |
dc.subject | EXCHANGE COMMISSION | |
dc.subject | FINANCIAL INSTITUTION | |
dc.subject | FINANCIAL INSTITUTIONS | |
dc.subject | FINANCIAL MARKETS | |
dc.subject | FINANCIAL STABILITY | |
dc.subject | FINANCIAL SYSTEM | |
dc.subject | FISCAL DEFICIT | |
dc.subject | FOREIGN BANKS | |
dc.subject | FOREIGN CURRENCY | |
dc.subject | FOREIGN EXCHANGE | |
dc.subject | FOREIGN EXCHANGE RESERVES | |
dc.subject | FOREIGN INVESTORS | |
dc.subject | GOVERNMENT BONDS | |
dc.subject | GOVERNMENT BORROWING | |
dc.subject | GOVERNMENT DEBT | |
dc.subject | GOVERNMENT DEBT MARKET | |
dc.subject | GOVERNMENT DEBT SECURITIES | |
dc.subject | GOVERNMENT FUNDING | |
dc.subject | GOVERNMENT SECURITIES | |
dc.subject | HOLDINGS | |
dc.subject | HUMAN DEVELOPMENT | |
dc.subject | INCOME RECOGNITION | |
dc.subject | INFLATION | |
dc.subject | INFLATIONARY PRESSURES | |
dc.subject | INFRASTRUCTURE BONDS | |
dc.subject | INSIDER TRADING | |
dc.subject | INSTITUTIONAL INVESTOR | |
dc.subject | INSTITUTIONAL INVESTORS | |
dc.subject | INSTRUMENT | |
dc.subject | INSURANCE | |
dc.subject | INSURANCE COMPANIES | |
dc.subject | INSURANCE CORPORATION | |
dc.subject | INSURANCE INDUSTRY | |
dc.subject | INSURANCE PENETRATION | |
dc.subject | INTEREST RATE | |
dc.subject | INTEREST RATE RISK | |
dc.subject | INTERNATIONAL STANDARDS | |
dc.subject | INVESTING | |
dc.subject | INVESTMENT CORPORATION | |
dc.subject | INVESTMENT FUNDS | |
dc.subject | INVESTMENT INSTRUMENT | |
dc.subject | INVESTMENT INSTRUMENTS | |
dc.subject | INVESTMENT POLICY | |
dc.subject | INVESTMENT RESTRICTIONS | |
dc.subject | INVESTOR BASE | |
dc.subject | INVESTOR DEMAND | |
dc.subject | INVESTORS IN GOVERNMENT SECURITIES | |
dc.subject | ISLAMIC BANKS | |
dc.subject | ISLAMIC BOND | |
dc.subject | LEGAL AUTHORITY | |
dc.subject | LEGAL FRAMEWORK | |
dc.subject | LENDERS | |
dc.subject | LIFE INSURANCE | |
dc.subject | LIFE INSURANCE COMPANIES | |
dc.subject | LIQUIDITY | |
dc.subject | LIQUIDITY MANAGEMENT | |
dc.subject | LIQUIDITY POSITION | |
dc.subject | LOAN | |
dc.subject | LONG-TERM DEBT | |
dc.subject | MALFEASANCE | |
dc.subject | MARKET CAPITALIZATION | |
dc.subject | MARKET DISTORTIONS | |
dc.subject | MARKET INSTABILITY | |
dc.subject | MARKET REGULATORS | |
dc.subject | MATURITIES | |
dc.subject | MATURITY | |
dc.subject | MICROCREDIT | |
dc.subject | MICROFINANCE | |
dc.subject | MICROFINANCE INSTITUTIONS | |
dc.subject | MINIMUM CAPITAL REQUIREMENTS | |
dc.subject | MONETARY POLICY | |
dc.subject | MONEY MARKET | |
dc.subject | MUTUAL FUND | |
dc.subject | MUTUAL FUND INDUSTRY | |
dc.subject | MUTUAL FUNDS | |
dc.subject | NATIONAL INVESTMENT | |
dc.subject | NATIONAL SAVINGS | |
dc.subject | NON-PERFORMING LOANS | |
dc.subject | OUTSTANDING AMOUNTS | |
dc.subject | PENSION | |
dc.subject | PENSION FUND | |
dc.subject | PENSIONS | |
dc.subject | POST OFFICE | |
dc.subject | PRIMARY MARKET | |
dc.subject | PRIMARY MARKETS | |
dc.subject | PRIVATE BANKS | |
dc.subject | PRIVATE BOND | |
dc.subject | PRIVATE BONDS | |
dc.subject | PRIVATE DEBT | |
dc.subject | PRIVATE DEBT MARKETS | |
dc.subject | PRIVATE INVESTMENT | |
dc.subject | PRIVATE PLACEMENTS | |
dc.subject | PRODUCTIVE INVESTMENT | |
dc.subject | PRUDENTIAL REGULATIONS | |
dc.subject | PUBLIC INVESTMENT | |
dc.subject | REGISTRATION FEE | |
dc.subject | REGISTRATION FEES | |
dc.subject | REGULATORY CAPACITY | |
dc.subject | REGULATORY FRAMEWORK | |
dc.subject | REGULATORY STRUCTURE | |
dc.subject | REMITTANCE | |
dc.subject | REMITTANCES | |
dc.subject | REPO | |
dc.subject | REPO FACILITY | |
dc.subject | REPO MARKET | |
dc.subject | REPOS | |
dc.subject | RESERVE | |
dc.subject | RESERVE REQUIREMENTS | |
dc.subject | RETAIL INVESTORS | |
dc.subject | RETURNS | |
dc.subject | REVERSE REPO TRANSACTIONS | |
dc.subject | RISK MANAGEMENT | |
dc.subject | SAVINGS CERTIFICATES | |
dc.subject | SECONDARY MARKET | |
dc.subject | SECONDARY MARKET TRADING | |
dc.subject | SECONDARY MARKETS | |
dc.subject | SECURITIES | |
dc.subject | SECURITIES MARKETS | |
dc.subject | SECURITIES REGULATION | |
dc.subject | SECURITIES TRANSACTIONS | |
dc.subject | SETTLEMENT | |
dc.subject | SETTLEMENT SYSTEMS | |
dc.subject | SHAREHOLDER | |
dc.subject | SHAREHOLDERS | |
dc.subject | SMALL INVESTORS | |
dc.subject | SOVEREIGN GUARANTEE | |
dc.subject | STAMP DUTIES | |
dc.subject | STATUTORY LIQUIDITY | |
dc.subject | STOCK EXCHANGE | |
dc.subject | STOCK EXCHANGES | |
dc.subject | STOCK MARKET | |
dc.subject | STOCK MARKET PRICES | |
dc.subject | STOCK MARKET VOLATILITY | |
dc.subject | STOCKS | |
dc.subject | SURPLUS LIQUIDITY | |
dc.subject | T-BILL | |
dc.subject | T-BILLS | |
dc.subject | T-BONDS | |
dc.subject | TAX | |
dc.subject | TRADING SYSTEM | |
dc.subject | TRANSACTION | |
dc.subject | TRANSFER OF SECURITIES | |
dc.subject | TRANSPARENCY | |
dc.subject | TREASURY | |
dc.subject | TREASURY BILLS | |
dc.subject | TREASURY BONDS | |
dc.subject | TRUSTEE | |
dc.subject | TRUSTEES | |
dc.subject | TURNOVER | |
dc.subject | UNDERWRITERS | |
dc.subject | YIELD CURVE | |
dc.title | Bangladesh - Non-Lending Technical Assistance on Capital Markets | en |
dspace.entity.type | Publication | |
okr.date.disclosure | 2012-04-23 | |
okr.doctype | Economic & Sector Work :: Commodities Study | |
okr.doctype | Economic & Sector Work | |
okr.docurl | http://documents.worldbank.org/curated/en/2011/06/16238773/bangladesh-non-lending-technical-assistance-capital-markets | |
okr.globalpractice | Macroeconomics and Fiscal Management | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Trade and Competitiveness | |
okr.identifier.externaldocumentum | 000356161_20120424011125 | |
okr.identifier.internaldocumentum | 16238773 | |
okr.identifier.report | 68242 | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/24/000356161_20120424011125/Rendered/PDF/682420ESW0WHIT067918B0June03002011.pdf | en |
okr.region.administrative | South Asia | |
okr.region.country | Bangladesh | |
okr.sector | Finance :: Capital markets | |
okr.topic | Finance and Financial Sector Development :: Mutual Funds | |
okr.topic | Finance and Financial Sector Development :: Debt Markets | |
okr.topic | Banks and Banking Reform | |
okr.topic | Private Sector Development :: Emerging Markets | |
okr.topic | Macroeconomics and Economic Growth :: Markets and Market Access | |
okr.unit | Finance & PSD Department (SASFP) | |
okr.volume | 1 of 1 |
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