|
|
Article: BSE on verge of privatisation.
- Article from:
- Gulf Weekly
- Article date:
- November 8, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
An anomaly would be set right when the running of the Bahrain Stock Exchange (BSE) moves from the hands of the Central Bank of Bahrain (CBB).
Currently, the CBB is breaching its own and the country's laws by running and supervising the stock exchange at the same time.
The proposal now is to create a new Bahrain Stock Exchange company and switch its authority from the CBB to the Industry and Commerce Ministry, which would register it as a shares company.
Also new specialised stock exchange companies would also be launched - with a new food stock exchange expected soon.
CBB governor Rasheed Al Maraj says that the conflict of interest ...