Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.
As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks' funds into the stock market.
Bangladesh banks in facing renewed cyber threats last month, but their regulator, Bangladesh Bank, says the situation is under control.
Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.
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.