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
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
English PDF
Size:
501.16 KB
Format:
Adobe Portable Document Format
Description:
No Thumbnail Available
Name:
English Text
Size:
94.65 KB
Format:
Plain Text
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description: