OpEd

A linkage between the academia and the capital market has proved productive as is evident from changes tangible on the bourses in Bangladesh. From infrastructure upgrade to legal reform to a cleanup of the trading floor from accumulated problems–in all major realms have there been touches of reformative strokes. However, difficulties are not all over–neither here nor elsewhere over the world–specifically because of economic volatility under the hangover of all-upsetting pandemic and proxy wars in lockstep with the coronavirus invasion. So, the capital market here is navigating a rough see and achieving advances in aid to the nation’s socioeconomic uplift on a mapped-out trajectory leading to a higher status. At this crossroads, the capital market, billed as the fulcrum of industrial development through sourcing long-term investment, needed a helmsman conversant in academic rules and tricks of the trade on the floor of transitions. Prof Shibli Rubayat Ul Islam fills the needs gap, building a bridge between academia and actuation in securities governance, say analysts in trading circles. With him as chairman the Bangladesh Securities and Exchange Commission (BSEC) has made such headway in the realms of financial governance and market regulation. Since 2020 till 2024, BSEC has navigated challenges and emerged as a beacon of progress, fostering growth and stability on the capital market of Bangladesh. In May 2020, Prime Minister Sheikh Hasina picked Professor Shibli Rubayat Ul Islam as the chairman of the securities regulatory body for a four-year term. And he proved his worth through patiently doing the spadework for giving a nudge to the market with a slew of measures. To start with, Professor Shibli Rubayat accelerated the approval process for initial public offerings or IPOs to feed …