The CBSL is working to address a local currency liquidity deficit in the banking system. Banks can continue to hold 90% NSFR until year-end.
MOUs with CFA Society and CA Sri Lanka were signed as a prelude to the establishment of an ESG index by the CSE.
Economists say the package will not be a panacea for Sri Lanka's problems, with the economy already shrinking due to policies recommended by the IMF.
SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.
Sri Lanka’s prime minister Ranil Wickremesinghe expects to have a debt restructuring agreement with the IMF in place by late July.
Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
SEBI is looking to incentivise more IPO listings by addressing concerns that information contained in IPO documents could be used by an applicant's competitors.
Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the "prevailing macroeconomic tumult"
Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
The UNDP says Sri Lanka should introduce a temporary basic income and negotiate “debt-for-nature” swaps. The stock market has been closed all week.