B Mirror Report: To ensure sustainable development, enhance efficiency, and strengthen international cooperation in Bangladesh’s capital market, the DSE Brokers Association of Bangladesh (DBA) has signed a Memorandum of Understanding (MoU) with the Japan Securities Dealers Association (JSDA).

The agreement was signed on Thursday (April 9) by JSDA Chairman and CEO Takashi Hibino and DBA President Saiful Islam on behalf of their respective organizations, according to a press release issued by DBA on Saturday.

The association of brokerage houses stated that this is DBA’s first formal agreement with any international self-regulatory organization (SRO), marking an important milestone for the body.

Under the MoU, the two organizations will enhance mutual cooperation in various areas of capital market development. These include exchange of laws and regulations related to the securities market, strengthening self-regulatory governance, improving supervision and compliance mechanisms, modernizing financial transaction systems, developing new investment products, and expanding investor education programs.

Both sides also agreed to continue information sharing and cooperation in other areas of mutual interest as needed.

Commenting on the agreement, DBA President Saiful Islam said the MoU represents a significant step forward for Bangladesh’s capital market. He noted that collaboration with an experienced institution like JSDA would have a positive impact on structural development, governance, and efficiency improvement of the market.

He further said the partnership would create opportunities for sharing international-standard knowledge and expertise, helping to make the country’s capital market more modern, transparent, and investment-friendly.

DBA expressed gratitude to JSDA for its cooperation in implementing the agreement and hoped that this partnership would develop into a more productive relationship in the future.

JSDA’s Asia Securities Forum (ASF) is an important international platform in the Asia-Pacific region. DBA has been participating in various international activities as a member of ASF since 2023, which has been contributing positively to the development of Bangladesh’s capital market.