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Financial System

The financial system of Bangladesh is comprised of three broad sectors: the formal sector which includes regulated institutions like banks and non-bank financial institutions, the semi-formal sector which includes specialized financial institutions regulated otherwise but not under a central regulator, and the informal sector of completely unregulated private intermediaries. The formal sector is regulated by bodies like the Bangladesh Bank, Insurance Development and Regulatory Authority, and Securities and Exchange Commission and includes banks, insurance companies, brokerages and capital market participants.

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Dibakar Das
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31 views

Financial System

The financial system of Bangladesh is comprised of three broad sectors: the formal sector which includes regulated institutions like banks and non-bank financial institutions, the semi-formal sector which includes specialized financial institutions regulated otherwise but not under a central regulator, and the informal sector of completely unregulated private intermediaries. The formal sector is regulated by bodies like the Bangladesh Bank, Insurance Development and Regulatory Authority, and Securities and Exchange Commission and includes banks, insurance companies, brokerages and capital market participants.

Uploaded by

Dibakar Das
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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1/16/2017

FinancialSystem

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Overview Financialmarkets

Home

Financialsystem

PaymentSystems

Govtsecurities

Depositinsurance

Regulators

Banks&FIs

Capitalmarket Insurance

MFIs

Recentdevelopments

Financialsystemoverview

OverviewofFinancialsystemofBangladesh

ThefinancialsystemofBangladeshiscomprisedofthreebroadfragmentedsectors:

Related links

Aboutfinancialmarkets
Regulators
Bank&FIs
Capitalmarket
Insurance
MicroFinanceInstitutions(MFIs)
Recentdevelopments

1.FormalSector,
2.SemiFormalSector,
3.InformalSector.

Thesectorshavebeencategorizedinaccordancewiththeirdegreeofregulation.
The formal sector includes all regulated institutions like Banks, NonBank Financial Institutions (FIs), Insurance
Companies,CapitalMarketIntermediarieslikeBrokerageHouses,MerchantBanksetc.MicroFinanceInstitutions(MFIs).

Thesemi formal sector includes those institutions which are regulated otherwise but do not fall under the jurisdiction of
Central Bank, Insurance Authority, Securities and Exchange Commission or any other enacted financial regulator. This
sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli
Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non Governmental Organizations (NGOs and
discretegovernmentprograms.

Theinformalsectorincludesprivateintermediarieswhicharecompletelyunregulated.

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FinancialSystemofBangladesh

FormalSector

FinancialMarket

___

MoneyMarket
(Banks,NBFIs,Primary
Dealers)

___

CapitalMarket
(Investmentbanks,Stock
Exchanges,CreditRating
Companiesetc.)

___

SemiFormalSector

Regulators&
Institutions

___

___

___

1.HouseBuildingFinancialCorporation(HBFC)
2.PalliKarmaSahayakFoundation(PKSF)
3.SamabayBank
4.GrameenBank

___

ForeignExchangeMarket
(AuthorizedDealers)

SpecializedFinancialInstitutions:

BangladeshBank
(CentralBank)

InformalSector

Banks
56scheduled&4non
scheduledbanks

NBFIs
31NBFIs

InsuranceDevelopment&
RegulatoryAuthority
(InsuranceAuthority)

___

InsuranceCompanies
18Lifeand44NonLife
InsuranceCompanies

___

Securities&Exchange
Commission
(Regulatoryofcapital
marketIntermediaries)

___

StockExchanges,StockDealers
&Brokers,MerchantsBanks,
AMCs,CreditRatingAgencies
etc.

___

MicrocreditRegulatory
Authority
(MFIAuthority)

___

https://www.bb.org.bd/fnansys/index.php

MicroFinanceInstitutions
599MFIs

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