BSE managing director and chief executive Ashish Kumar Chauhan has been appointed as the new chairman of South Asian Federation of Exchanges (SAFE). SAFE is a forum of 28 member entities from the SAARC regions including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka etc.
The forum gives nations a platform to share, exchange, and promote technologies, experiences for the faster growth. “I want to assure you that I will do everything in my power (as chairman) to ensure that SAFE achieves its ambition to accelerate economic integration within the region by creating strong cross border capital market linkages and creating a conducive environment for cross border co-operation,” Chauhan said at the SAFE conference.
South Asia needs to be on a rapid growth path and so it is crucial to have a strong capital market system together with banking, he noted.