The Memorandum of Understanding (MoU) creates a structured platform for continuous dialogue and collaborative projects, with the establishment of working groups to execute the cooperation framework.
The Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX), and Colombo Stock Exchange (CSE) entered into a significant tripartite MoU aimed at enhancing cooperation within the regional capital markets. This agreement is designed to establish a forum for exchanges to promote technology development and sharing, human resource collaboration, product innovation, regulatory cooperation, investor protection, and knowledge transfer among the three exchanges, as stated in a press release from the DSE.
The signing ceremony took place in Colombo and was attended by DSE Chairman Mominul Islam, CSE Chairman Dilshan Wirasekara, and Securities and Exchange Commission of Pakistan Chairman Akif Saeed, along with other directors and senior officials from the respective institutions.
In his remarks regarding this initiative, DSE Chairman Mominul noted, “The stock exchanges in South Asia, with the exception of India, face technical and procedural challenges due to their smaller scale. These promising exchanges are struggling to reach their full potential because of limited resources. By sharing resources and experiences and investing jointly in technology, our exchanges can significantly contribute to the development of efficient and robust capital markets in our countries. Together, we can unlock new opportunities.”
The Memorandum of Understanding (MoU) creates a structured platform for continuous dialogue and collaborative projects, with the establishment of working groups to execute the cooperation framework.
On Thursday, March 27, the Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX), and Colombo Stock Exchange (CSE) entered into a significant tripartite MoU aimed at enhancing cooperation within the regional capital markets. This agreement is designed to establish a forum for exchanges to promote technology development and sharing, human resource collaboration, product innovation, regulatory cooperation, investor protection, and knowledge transfer among the three exchanges, as stated in a press release from the DSE.
The signing ceremony took place in Colombo and was attended by DSE Chairman Mominul Islam, CSE Chairman Dilshan Wirasekara, and Securities and Exchange Commission of Pakistan Chairman Akif Saeed, along with other directors and senior officials from the respective institutions.
In his remarks regarding this initiative, DSE Chairman Mominul noted, “The stock exchanges in South Asia, with the exception of India, face technical and procedural challenges due to their smaller scale. These promising exchanges are struggling to reach their full potential because of limited resources. By sharing resources and experiences and investing jointly in technology, our exchanges can significantly contribute to the development of efficient and robust capital markets in our countries. Together, we can unlock new opportunities.”
