Press Release
US Embassy Team visits CSE
CSE First Vice President urged for US Cooperation for country’s
capital market development
Chittagong, March 15, 2006: A team from US Embassy led by Mr. David
Renz Chief of Economic Commercial Office, US Embassy visited Chittagong Stock
Exchange today to aware about the latest development of Bangladesh Capital Market
and the role of CSE towards the country’s Capital Market Development.
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Mr. Nasiruddin Ahmed Chowdhury, First Vice President of CSE welcomed
the guests and addressed his welcome speech by saying that US Embassy
is a very important entity in our country diplomatically, politically,
economically and socially. CSE can be benefited if US embassy can extend
its kind cooperation on some specific issues, such as Information Exchange
through USA Embassy sending publication, research papers, and
studies to CSE library regularly so that CSE and the library users can
enrich themselves
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A team from US Embassy led by Mr. David Renz Chief
of Economic Commercial Office, US Embassy visited Chittagong Stock Exchange
on March 15, 2006 to aware about the latest developement of Bangladesh
Capital Market and the role of CSE towards the country's Capital Market
Developement
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| with latest knowledge on USA and international affairs; Human Resource Development through searching scope
of training for CSE executives, selecting people from different organizations
in Bangladesh to send to USA for industrial and economic tour; Capital
Market Development through financing to the various development
activities that CSE are pursuing on specific project. |
Mr. David Renz in his remarks, said that he was impressed of CSE leadership
that has been contributing immensely towards the Bangladesh Capital Market Development,
specially on the issues of introducing automated trading system, providing wide
area network locally and internationally, maintaining transparency, undertaking
investors awareness program, ensuring effective surveillance system and above
all innovating new ideas such as a Professional Training Institute, Corporate
Governance issues etc. Mr. David also praised for CSE initiative for establishing
SAFE – South Asian Federation of Exchanges with 12 stock exchanges from South
Asia in 2000 to promote the development of securities markets in the region.
He also appreciated for pioneering many modern concepts in the Bangladesh capital
market such as Central Depository System (CDS).
Mr. David also assured CSE First Vice President of all out
co-operation from US Embassy subject to the discussion on the need based program.
The Vice President of CSE Mr. AQI Chowdhury OBE in his remarks
said that our capital market stakeholders need lots of expertise and professionals
in their human resource management so that Bangladesh capital market could maintain
same standard on compliance issues that are practicing by the devolved countries.
Mr. Salman Ispahani the former President and Director of
CSE informed the US delegation that our entrepreneurs are now more enthusiastic
to collect funds from share market. He emphasized on recent development of policy
change that Bangladesh Bank doing for mandatory provision of equity participation
of any project financing.
Mr. Golam Rabban Chowdhury, GM-Corporate Development has
made brief presentation on CSE activities and its future program. CSE Director
Mr. Bijan Chakroborty and CSE’s other high officials Mr. Abdul Mutaleb GM-System,
Mr. Atiquzzaman GM-Compliance, Mr. AKM Shahroze Alam, Deputy Manager, Corporate
Development were present in the meeting.
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For Chittagong Stock Exchange