FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer


Latest topics

» ASSOCIATED MOTOR FINANCE COMPANY PLC (AMF.N0000)
by ForeigNer Today at 10:32 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by DimuthuKW Today at 10:09 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by shakthi1974 Today at 7:54 am

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by Gaudente Yesterday at 11:55 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 11:08 pm

» LUCKY LANKA MILK PROCESSING COMPANY PLC (LLMP.N0000)
by Eranx Yesterday at 11:04 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by Zahara khan Yesterday at 10:40 pm

» DVP is unfair?
by xhunter Yesterday at 10:20 pm

» Directors' Dealings 23/06/2021
by SAGA Yesterday at 10:07 pm

» SINH.N0000 (SINGHE HOSPITALS)
by SAGA Yesterday at 9:45 pm

» Top Foreign Trading today - 23/06/2021
by SAGA Yesterday at 9:05 pm

» Delivery Versus Payment (DVP) on CSE!
by samaritan Yesterday at 8:45 pm

» Stock Market Entertainment
by samaritan Yesterday at 5:55 pm

» TOP 20 LISTED COMPANIES BY FINANCIAL CHRONICLE™
by Eranga87 Yesterday at 3:29 pm

» DVP යනු කුමක්ද? Explained
by samaritan Yesterday at 1:58 pm

» Money Printing Up Rs15.8B
by ResearchMan Yesterday at 11:58 am

» GLAS will be winner with Super Gain.
by ONTHEMONEY Yesterday at 7:16 am

» Top Foreign Trading today - 22/06/2021
by SAGA Tue Jun 22, 2021 8:50 pm

» RWSL for short term profits
by madukp Tue Jun 22, 2021 5:17 pm

» YORK has a potential to go double ...
by Vasyan Tue Jun 22, 2021 5:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CB officials blame brokers for leaking market news to media!

CB officials blame brokers for leaking market news to media!

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By Ravi Ladduwahetty

Senior Central Bank officials have sharply criticized stockbrokers for 'leaking' sensitive information to the media, alleging that this is holding back the development of capital markets in Sri Lanka, sources said.

The allegation had been made at a closed door meeting that the Central Bank had with the officials of the Securities and Exchange Commission, the Colombo Stock Exchange and stockbrokers on Tuesday.
Banking watchdog had charged that brokers are leaking out information about transactions of the Employees Provident Fund (EPF) of which the media has been very critical.

"They had added that the EPF wanted to do a lot more in the market, provided brokers do not share information with the media," sources who were present at the meeting told Ceylon FT.

Sources said that CB officials were of the view that the media should pick out what they should be reporting, such as the entry of foreign exchange to the tune of Rs 22 billion for the period 1 January 2013 to 30 September 2013, but leave out reporting transactions as to where the explicit details are published. Officials said that they could barely do a transaction without the media reporting it.

One broker, speaking on condition of anonymity, said: "I cannot understand why they want to call all the brokers for a meeting. If a broker is providing confidential information to the public it (EPF) should not deal with that broker. Or for that matter they (EPF) can report the broker to the regulatory bodies."

A broker who was present at the meeting said that the EPF should deal with brokers who provide good investment ideas which should ideally be out-of-the-box ideas.

Further expressing some thoughts, he said that one cannot stop the media writing the good, bad and the ugly.

"The EPF invests public money. The media was always closely watching what they are doing, which should be understood in the right spirit. The media has been quite critical about certain investments made by EPF. The biggest funds in the world evaluate their brokers. They do not deal with everybody. I think EPF should apply the same."

Central Bank officials were not immediately available for comment.
www.ceylontoday.lk

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Brokers,institutions like EPF, and other participants should be able to take independent decisions

Central bank role is to give guidelines for investment of public funds and check  these guide lines are followed

The above meeting clearly indicate SL stock market is controlled market

 This is the problem after 2009


.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@D.G.Dayaratne wrote: StockBrokers,Institutions like EPF, and other participants should be able to take independent decisions

Central bank role is to give guidelines for investment of public funds and check  these guide lines are followed

The above meeting clearly indicate that SL stock market is" controlled market"

 This is the problem after 2009

Why" Pandiths " of CBSL can't understand role of govt in respect of stock market?


.

K.Haputantri

K.Haputantri
Co-Admin
Any public institution managing public funds is subject to parliamentary scrutiny and the media has a holy role to play in it as the Auditor General does only a post-mortem study. AG's reports are submitted after several years, hence useless. Therefore, media should highlight any abuse of power by such institutions for personal gains as it happens. This is a right of our's for sensitive info.

It appears that the CB does not respect our basic right to have info. on their dealings and try to threaten wistle blowers. ?Where are we heading to.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I can't understand why CBSL having  meetings with Stockbrokers
There is a authority to regulate Stockbrokers

on the other hand CBSl say they can't regulate finance companies
because of large number and propose to amalgamate finance companies

Public funds should be allowed to take independent decisions according to professional  guidelines without any personal influence for personal benefits.

CBSL shuld not waste their time for stock market control  and try protect
depositors from  so called finance companies registers under CBSL

 BALAGE WEDE BALLOTH BURUWAGE WEDE BURUWOTH KARANWANAM
 No problem in the stock market

 We also can use our knowledge and  earn  something
using hard earn money

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

EPF wanted to do a lot more in the market, provided brokers do not share information with the media

  • Invest public money in prudent way
  • Start day trading
  • Pump and dump
  • Buy low and sell high
  • Wait till someone push up the price to buy at high

Question Question

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum