Dhaka, June 7 -- Newly appointed Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan says he will seek to strike a balance between regulation and simplification as he takes charge of the country's capital market regulator at a challenging time.

"My overarching motto will be to regulate where necessary, simplify where possible," he wrote in a Facebook post late on Friday.

The government appointed Masud, an accountant and veteran corporate executive, on Thursday as part of a move to give the regulator "a fresh look".

Earlier in the day, Khondoker Rashed Maqsood, who was appointed BSEC chairman during the interim government's tenure, resigned. Four commissioners also stepped down.

Khan confirmed to bdnews24.com that ...