DBA signs MoU with Japan's JSDA to boost capital market development
The agreement, signed virtually on Thursday (16 April), aims to improve market efficiency, strengthen governance, and promote international collaboration.
The DSE Brokers Association of Bangladesh (DBA) has signed a memorandum of understanding (MoU) with the Japan Securities Dealers Association (JSDA) to enhance cooperation and support the sustainable development of Bangladesh's capital market.
The agreement, signed virtually on Thursday (16 April), aims to improve market efficiency, strengthen governance, and promote international collaboration.
The DBA represents brokerage firms operating under the Dhaka Stock Exchange (DSE), while JSDA functions as a self-regulatory organisation (SRO) and a key representative of Japan's securities industry.
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According to its website, JSDA has around 500 member institutions, including securities firms, banks, and other financial entities.
The MoU was signed by Takashi Hibino, chairman and CEO of JSDA, and Saiful Islam, president of DBA, on behalf of their respective organisations.
In a press release, DBA said this is its first formal agreement with an international SRO, marking a significant milestone for the association.
Under the agreement, the two organisations will collaborate across several key areas, including the exchange of laws and regulations related to financial investment and capital markets, development of governance frameworks, policy-making processes, and operational practices of SROs.
The partnership will also focus on strengthening supervision and compliance mechanisms, enhancing financial transaction systems, promoting innovation in investment instruments and services, and expanding investor education programmes. Both sides will extend cooperation in other areas of mutual interest as needed.
Commenting on the development, Saiful Islam said the MoU represents a major step forward for Bangladesh's capital market.
"Partnering with a well-established and experienced self-regulatory organisation like JSDA will play a crucial role in strengthening our market structure, governance, and institutional capacity," he said.
He added that the collaboration would facilitate the exchange of global best practices and help make the country's capital market more modern, transparent, and investor-friendly.
Saiful Islam also expressed optimism that the agreement would contribute to building a more organised, dynamic, and internationally aligned capital market, benefiting all stakeholders.
