By Xinhua
Dhaka : Bangladesh Thursday called for regulatory cooperation to integrate the South Asian stock exchanges.
Finance Adviser to the caretaker government Mirza Azizul Islam made the call at the opening the second South Asian Capital Markets Conference-2008 here.
He also urged immediate progress in automatic listing of companies in the regional exchanges, development of human resources for the capital markets, cooperation in Information and Communication Technology and convergence of mutual cooperation in the event of international shocks.
He emphasized on regional cooperation among the stock exchanges considering the contribution of trade, foreign direct investment and trans border movement of equity capital to GDP.
The two-day conference was organized by South Asian Federation of Exchanges (SAFE) and Dhaka Stock Exchange (DSE) jointly, with more than 150 participants, aimed at discussing the prospect of integrating the regional stock exchanges.
The participants sought regulatory cooperation to integrate the stock markets of the region and introduce cross border trade.