Posts By Duruthu E Chandrasekera, Regulation Asia
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950Sri Lanka Bourse to Introduce Easier Listing Rules from 15 July
Duruthu E Chandrasekera, Regulation Asia July 4, 2020Requirements on capital, profitability and net assets have been relaxed to pave the way for new listings from start-ups and tech firms.
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2.8KSri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster
Duruthu E Chandrasekera, Regulation Asia June 22, 2020A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF's grey list, says Duruthu Chandrasekera.
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Sri Lanka Cuts Statutory Reserve Ratio, Expands Lending Facility
Duruthu E Chandrasekera, Regulation Asia June 17, 2020The CBSL has cut the statutory reserve ratio by 200 basis points, releasing $617mn in liquidity in the banking system. The size of its re-finance facility has also been tripled.
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1.2KBangladesh Relaxes Rules Prohibiting Bank Dividends
Duruthu E Chandrasekera, Regulation Asia June 14, 2020Banks are allowed to distribute cash dividends to general shareholders and stock dividends to sponsors and institutional investors.
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947Sri Lanka to Triple Refinance Facility Limit for Banks
Duruthu E Chandrasekera, Regulation Asia June 8, 2020The tripling of the limit was proposed to the Cabinet following complaints from various parties that they had not received relief from their banks.
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Sri Lanka SEC Approves Rules to Digitalise Stock Market
Duruthu E Chandrasekera, Regulation Asia June 8, 2020Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.
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Foreign Investors Flee Sri Lankan Bank Stocks Amid Dividend Ban
Duruthu E Chandrasekera, Regulation Asia May 26, 2020Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.
