Sec Bangladesh

In: Business and Management

Submitted By amitice
Words 1495
Pages 6
Bangladesh University of Professionals
EMBA , Legal Environment of Business. Dr. Ridwanul Hoque: ridwancu@yahoo.com

Regulation of business

What is regulation?: t o say what to do and what not to do; to draw a periphery of corporate powers.

And, is regulation anti-thesis to financial regulation thought to be generative of economic progression?: It is in no way a hindrance to economic performance by corporate entities.

Absence of regulation leads to non-environment for business and the dilution of shareholders’ interests.
Importance of regulation can be understood with a reference to the benefits of state control in the banking sector. One can take, for example, the case of the recent saga of Oriental Bank Ltd., in the morbid-situation of which the state intervened to protect the public’s money from being further lost. To note one author:

“ Depositors entrust their savings to a bank, based on faith that thus money will be duly safeguarded and returned to them when they need it, The banks, in turn, lend their depositors money to borrowers … based on a trust that he borrowers will return the money ….”.[1]

In order to protect the public interest and the business trust as depicted in the above paragraph, there needs to be legal protection in place. This is where state regulation comes into play in the marker arena.

Two ways of regulating market are: legal regulation and corporate governance regime (which may be based on both private initiates and public regulations).

Securities and Exchange Commission

Laws: Securities and Exchange Ordinance 1969;[2] and the Securities and Exchange Commission Act 1993.

Bangladesh’s securities market dates back to the Pre-Independence era. It has, however, yet to make any remarkable progress. Lack of proper regulatory role of the Securities and Exchange Commission, there are some…...

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