The project to launch a CCP system for equities was formally launched at a Joint Securities and Exchange Commission of Sri Lanka (SEC) – Colombo Stock Exchange (CSE) meeting held at the SEC recently. The Chairman of the SEC Viraj Dayaratne PC who chaired the meeting said that he was happy that steady progress was […]
The initiative is considered as part of the SEC‘s broader vision of taking the Capital Market of Sri Lanka to the next phase of growth The effectiveness of CCPs in acting as firewalls have been proven in other markets It would not only enhance the post-trade risk management, but also unlock the potential for the […]
The Securities and Exchange Commission of Sri Lanka has appointed a joint committee with the Colombo Stock Exchange to set up a central counterparty mechanism to prevent any failures in trade settlement.
The new Securities and Exchange Commission of Sri Lanka (SEC) Act which came into force on 19th September 2021 contains provisions that enable the setting up of a Central Counterparty (CCP). Further, the need for setting up a CCP in order to enhance the efficiency of post-trade risk management had b
The new Securities and Exchange Commission of Sri Lanka (SEC) Act which came into force from 19th September 2021 contains provisions which enable the setting up of a Central Counterparty (CCP). Further, the need for setting up a CCP in order to enhance the efficiency of post trade risk management had been spoken of for.