The DSE Brokers Association of Bangladesh (DBA) has signed a memorandum of understanding (MoU) with the Japan Securities Dealers Association (JSDA) aimed at fostering sustainable development, improving efficiency and strengthening international cooperation in Bangladesh’s capital market.
The agreement was signed on April 9 by Takashi Hibino, chairman and CEO of JSDA, and Saiful Islam, president of DBA, on behalf of their respective organisations, according to a press release issued on Saturday.
The MoU marks DBA’s first formal agreement with an international self-regulatory organisation (SRO), representing a significant milestone for the association and its efforts to strengthen Bangladesh’s capital market through global collaboration.
Under the agreement, both organisations will work together in several key areas to support the development of the securities market. These include exchange of laws and regulations related to financial investment business and capital markets, development of governance frameworks, policy-making processes and operational practices of SROs, and strengthening supervision and compliance mechanisms.
The cooperation will also focus on enhancing efficient and effective financial transaction systems, promoting innovation in new investment instruments and services, and expanding investor education programmes. Both sides also agreed to extend cooperation and consultation on other areas of mutual interest as required.
Commenting on the agreement, DBA President Saiful Islam said the MoU represents a significant advancement 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.
The press release also noted that the Asia Securities Forum (ASF), established and operated by JSDA, is a prominent international platform for the securities industry in the Asia-Pacific region.
Since becoming a member in 2023, DBA has been actively participating in various international meetings, seminars and initiatives organised by the forum, contributing to the development of Bangladesh’s capital market.