DHAKA, Jan. 31 (Xinhua) -- The Bangladesh caretaker government Finance Adviser Dr Mirza Azizul Islam Thursday called on regulatory cooperation to integrate the stock exchanges in the South Asian region.

    He made the call at the opening the second South Asian Capital Markets Conference-2008 Thursday morning.

    He also urged immediate progress in automatic listing of companies in the regional exchanges, development of human resources for the capital markets, cooperation in ICT (Information and Communication Technology) and convergence of mutual cooperation in the event of international shocks.

    He emphasized on regional cooperation among the stock exchanges considering the contribution of trade, foreign direct investment and cross border movement of equity capital to GDP.

    The two-day conference was organized by South Asian Federation of Exchanges (SAFE) and Dhaka Stock Exchange (DSE) jointly, with more than 150 participants, aimed at discussing the prospect of integrating the regional stock exchanges.

    The participants sought regulatory cooperation to integrate the stock markets of the region and introduce cross border trade.