The Chairman of the Colombo Stock Exchange (CSE), Vajira Kulatilaka in his capacity as the Chairman of the South Asian Federation of Exchanges (SAFE) recently chaired the 4th SAFE Executive Committee Board Meeting and Ideas Workshop held in Mumbai. Leaders representing capital markets across South Asia were present at the event to discuss the vision and direction for the federation going forward.

Sri Lanka took up Chairmanship of the SAFE Secretariat in 2015, and has spearheaded the culmination of “SAFE Vision 2025”, which hopes to encompass the future direction of SAFE.

SAFE is a forum of Stock Exchanges in South Asia and aims to foster collaboration and co-operation among its members in order to develop their respective capital markets. Presently SAFE has 15 primary members comprising of stock and commodity exchanges fromIndia, Pakistan, Bangladesh, Sri Lanka, Nepal, the Maldives, Mauritius, Bhutan and the UAE. It also has several depositories and clearing houses in the region as associate members.