Dhaka, Oct. 2 -- The securities regulator wants the new entity-set to emerge from the merger of five troubled Islamic banks-to issue shares to all existing general shareholders, based on the banks' sale value.

Talking to The FE, representatives of the Bangladesh Securities and Exchange Commission (BSEC) spoke of such a remedy for retail investors amid widespread concern over the fate of shareholder investments in the banks post-merger.

Referring to the Bank Regulation Ordinance, 2025, BSEC spokesperson Md. Abul Kalam said sponsors, directors, substantial shareholders, and top executives would be held responsible for fraudulent activities in any scheduled bank.

"General shareholders should not be deprived because of the people responsib...