The TA will help to prepare a sector development program for Financial Markets Governance Program to develop an integrated financial system that meets international principles of good governance to enable Bangladesh to compete effectively for quality institutional investments and enhance investor confidence in the local market.

A team of consultants from a firm will provide a total of 20 person-months of consulting services (11 person-months of international and 9 person-months of national consultants). The consulting firm will be selected and engaged by ADB in accordance with its Guidelines on the Use of Consultants and other arrangements satisfactory to ADB for the engagement of national consultants. The TA will require a simplified technical proposal used in selecting the consulting firm.

The Financial and Securities Analyst will accomplish the following tasks:

(i) Collaborate with the TL-FMGE, FIS, and STAS to provide data inputs needed in carrying out their tasks. Analyze with appropriate statistical tables and annexes, the market structure and profile and key issues concerning (a) the NBFi sector and (b) securities markets. Analyze the organization, management, policies, systems, operations, financial performance and condition of seven largest private NBFIs including leasing companies, DSE, CSE, and the brokerage industry.

(ii) Assist the STAS in (a) assessing the needs for training among key market players and participants as well as investors, (b) conducting a survey of training facilities that may be used for a long term training and education program on securities market operations and governance, and (c) developing syllabi fior various skills development courses on securities markets operations.

(iii) Assist the TL-FMGE and STAS in assessing skills that the SEC needs to operate effectively.

The Loan Recovery Legal Specialist will accomplish the following tasks:

(i) In general, collaborate with Team Leader and Debt/Asset Resolution Specialist to provide legal and institutional inputs needed in carrying out their tasks.

(ii) Prepare a report on the legal framework and operating mechanisms, including public agencies involved in that currently underpins the debt recovery system in Bangladesh . Identify known gaps, deficiencies of the current framework and legal provisions of existing laws that support debt recovery in the country.

(iii) Write on the key aspects of Financial Loan Court Act in 1990, the Bankruptcy Act in 1988, the Money Loan Act 2003, and other legislations related with debt recovery that need to be reassessed or amended.