I would like to comment on only one provision- Broker license to commercial banks
It is enough to offset the impact of all other negative provisions in monetary policy.
This will have huge impact in future, as their business will grow, investors will increase, transactions will increase gradually.
What will happen to existing brokers?
They will gradually lose illegitimate control over market, competition will reduce their business and profits.
They won't be able to compete with CBs in infrastructure, service quality and cost.
Finally, they will be forced to exit.
So, it is sure that number of brokers will be reduced to very few in future but powerful only.
What's the implication now?
If they foresee this situation now, THEY WILL START OFFLOADING THEIR STOCKS SLOWLY.
This may stop market going green for few days to few months.
With online transaction and CBs' brokerage, market has good days in future.
Regulation of the stock market and money laundering will be much easier for NRB, SEBON and MOF.
Happy investing!