Consumer Confidence in Financial Markets

This paper makes an attempt to identify major factors, like currency forfeiting, loan default, capital shortfall, capital flight, etc which undermine consumer confidence in the financial services sector of Bangladesh. The paper also provides a review of different legislative and regulatory measures...

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Md Kabir Ahmed Chowdhury, GM Abul Kalam Azad
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.01.2010
Subjects
Securities markets
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Summary:This paper makes an attempt to identify major factors, like currency forfeiting, loan default, capital shortfall, capital flight, etc which undermine consumer confidence in the financial services sector of Bangladesh. The paper also provides a review of different legislative and regulatory measures introduced by the authorities over the past years to strengthen consumer confidence in the financial markets, such as enhancing the security features of currency notes, deposit insurance, capital adequacy requirement, loan classification and provisioning, credit rating for raising capital and putting in place a mechanism for prevention of money laundering. [BB WP No. 0606].