Besides tax incentives, CSE Chairman Dumith Fernando told Regulation Asia the exchange has initiated a five-pronged strategy to bolster the capital market.
Bank of Ceylon, People’s Bank, National Savings Bank, Regional Development Bank, and their related institutions will be probed for irregularities.
Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.
A new panel has been appointed to provide recommendations on attracting international retail business to Gift City, India’s international financial services centre.
Real estate developers and owners can convert fully completed properties into REITs for listing on the CSE.
Sri Lanka's FIU has revealed that two banks and one finance company were penalised in 2019, and two other finance companies in 2020.
Foreign-owned and controlled companies in Bangladesh will be able to obtain local currency loans using guarantees from overseas entities, the latest in a string of relaxations.
BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.
Banks no longer need to risk weight the loans against capital due to a guarantee scheme announced by CBSL earlier this month.
The new Code sets out transparent and fair procedures for when asset reconstruction companies acquire assets from banks, along with anti-harassment provisions to protect borrowers.