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14th Annual General Assembly meeting of SAFE and Roundtable discussion

The 14th Annual General Assembly meeting of South Asian Federation of Exchange (SAFE) was held on 17th Jestha, 2076. In addition to that, Nepal Stock Exchange Limited (NEPSE) in joint effort of Mercantile Exchange Nepal Limited (MEX) conducted roundtable discussion on "Modernization of Capital Market in Nepal and across the Borders".

SAFE is a forum of 28 member entities from the SAARC Region Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka as well as Mauritius and UAE.  The aim of this organization is to provide a platform to share, exchange and promote the technologies, experiences for the rapid growth and development of capital market and work towards the regional as well as global integration.

In the meeting, CEO of Royal Stock Exchange of Bhutan, Mr. Dorji Phuntsho and CEO of Mercantile Exchange of Nepal, Mr. Jitesh Surendran have been appointed as the President and Vice president of the organization respectively for a period of two years.

Likewise, Chairman of Chittagong Stock exchange, Major General Mohammad Shamim Chowdhury, Managing Director of Dhaka stock Exchange, Mr. K.A.M. Majedur Rahman, CEO of Bombay Stock Exchange, Mr. Ashishkumar Chauhan, CEO of Maldives Stock Exchange, Mr. Mohamed Aushan Latheef, CEO of Nepal Stock Exchange, Mr. Chandra Singh Saud, Managing Director of Pakistan Mercantile Exchange Limited, Mr. Ejaz Ali Shah, Chairman of Pakistan Stock Exchange Limited, Mr. Sulaiman S. Mehdi, Chief Executive Officer of Colombo Stock Exchange, Mr. Rajeeva Bandaranaike, Managing Director/ CEO of Central Depository Bangladesh Limited, Mr. Shuvra Kanti Choudhury and CEO of National Clearing Company of Pakistan Limited, Mr. Muhammad Lukman were appointed as members of executive committee of SAFE.

Similarly, the one-day roundtable discussion on “Modernization of Capital Market of Nepal and Across the Border” was divided into four sessions. In the first session, the members discussed on the issues building synergies between the banking sector and capital markets. The members discussed on modernization of equity markets during the second session. In the third session members discussed on the issues about attracting new listings and developing products for retail investors. The final session included discussion on developing the broader ecosystem. Representatives of stock exchanges from Bangladesh, India, Bhutan, Maldives, Srilanka and representatives from banking, capital market, insurance and other sectors of Nepal participated in the roundtable discussion.


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