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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » central bank halts finance companies merge.

central bank halts finance companies merge.

Go down  Message [Page 1 of 1]

Teller

Teller
Moderator
Moderator

Feb 20, Colombo: Sri Lanka's financial sector consolidation process, which was initiated by the previous government, will be halted until the parliamentary election is concluded, According to Central Bank sources.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Amalgamation or not has to be decided by Banks and market forces

Central bank role is to facilitate and guide genuinely



Last edited by D.G.Dayaratne on Fri Feb 20, 2015 11:27 pm; edited 1 time in total (Reason for editing : typing error)

EquityChamp

EquityChamp
Moderator
Moderator
@D.G.Dayaratne wrote:Amalgamation or not has to be decided by Banks and market forces

Central bank role is to facilitate and guide genuinely

Agree. But in Financial sector Central Bank must ensure to stop the chances for monopoly and also perfect competition. I think the fundamental reason for CB earlier decision for consolidation was to bring the country's financial market into a Oligopoly market because lot of financial companies were present in the economy which seems to be too much.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Competition,Oligopoly or monopoly should be decided by market

Govt role is to introduce rules regulations and controls to provide

maximum benefits to the average people

If govt authorities decide the form of market that is a type of Dictatershid

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