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DSE-CSE-MOU
DSE, Colombo bourse to expedite collaboration
DHAKA, April 3, 2019 (BSS) – The Colombo Stock Exchange (CSE) and the Dhaka Stock Exchange (DSE) signed a Memorandum of Understanding (MoU) to formalize collaborative efforts in mutual development.
The MoU will pave the way for a greater level of information exchange between the two stock exchanges and will focus on product development, capacity building and the joint promotion of capital raising efforts both in Bangladesh and Sri Lanka, said a press release today.
Chief Executive Officer of CSE Rajeeva Bandaranaike said, “We are pleased to formalise our efforts of cooperation with DSE through this MoU. We have in recent years made a considerable effort towards collaborating with our peer exchanges in Asia, and particularly the South Asian region.”
“As capital flows and capital markets at-large become more globalised, South Asia has the potential to emerge as a new centre of economic strength. Cooperation of our capital markets would play a pivotal role in achieving this,” he noted.
DSE Managing Director K A M Majedur Rahman said, “Some leading global institutions have joined DSE to work together to take it to the next level of development.”
Mentioning that the consortium of Shenzhen Stock Exchange and Shanghai Stock Exchange joined last year as strategic investors, he said, “This MoU between DSE and CSE will further cement our cooperative endeavors to give both exchanges the leverage to play a leading role in the South Asian region.”
BSS/PR/MAK/BR/1910