2nd South Asian Capital Markets Confce begins in city
Saturday, 02 February 2008

Staff Correspondent

The finance adviser, AB Mirza Azizul Islam, on Thursday said the government would support the moves taken for the development of the stock markets in the South Asian region.

‘I am, as finance adviser, doing to my capacity for the growth of the country’s capital market and assure you that the government will also take necessary steps for the development of the stock markets in this region,’ said Mirza Aziz, as chief guest while inaugurating the Second South Asian Capital Markets Conference 2008 at the Sheraton Hotel in Dhaka.

The South Asian Federation of Exchanges and the Dhaka Stock Exchange jointly organised the two-day conference with the theme of integration of regional markets.

The finance adviser suggested that the SAFE should address the crucial issues including automated listing, dearth of skilled and trained manpower, application of ICT, consensus of mutual assistance measures to external shock and access to information including the sensitive one in case of suspected money laundering.

He hoped that the SAFE would take the issues as its targets and its interest would go beyond rhetoric. Faruq Ahmad Siddiqi, chairman of the Securities and Exchange Commission, said the conference would renew hope of the growth of capital markets in this region.

Faruq Ahmad, also special guest at the programme, hoped that SAFE initiated regional index would be launched successfully at the stock markets of this region. Rajnikant Patel, chairman of the SAFE, and also managing director of the Bombay Stock Exchange, said the conference would facilitate the integration process as regulators, central bankers, brokers, market players and other market intermediaries of the region would attend the conference and exchange their views.

Aftab Ahmad Ch, secretary general of the SAFE, ‘There will be six sessions of penal discussions in the conference, in which regulators, central bankers, brokers, market players and market intermediaries will take part in discussion.’

Nasir Ahmed Chowdhury, president of the Chittagong Stock Exchange, and Salahuddin Ahmed Khan, chief executive officer of the DSE, also spoke on the occasion.

Ahmad Rashid Lali, vice-chairman of the SAFE, and also senior vice-president of the DSE, gave vote of thanks. Orgainsers said 13 stock exchanges of Bangladesh, Bhutan, India, Maldives, Mauritius, Nepal, Pakistan and Colombo are the members of the SAFE.

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