Treasury Secy. meets capital market stakeholders
The Ministry of Finance and Planning is expected to release a statement regarding the capital market stakeholder meeting chaired by Treasury Secretary Dr. P. B. Jayasundera last Tuesday.
Sources said the meeting was positive with officials and representatives from the Securities and Exchange Commission and Colombo Stock Exchange, broker community and investors in attendance.
Holding a press conference to outline the outcome of the meeting was ruled out as officials preferred to send a more positive message to the press.
It was highlighted at the meeting that the stock exchange was receiving negative press coverage in recent weeks, and this was causing negative sentiments among investors.
The country’s capital market stakeholders can be broadly divided into two factions: One side is seeking less regulation while the other wants to see more effective measures taken to stamp out market malpractice.
As widely reported in the press, some influential investors under the SEC radar for market malpractice are believed to be trying their best to demoralise the SEC.
source - www.island.lk
No comments:
Post a Comment