Initiatives underway to demutualize stock exchange- SEC chairman

The Chairman of Securities and Exchange Commission of Sri Lanka  Ranel T. Wijesinha noted that the Commission has taken some important initiatives to demutualize the stock exchange.

“Will be seeking suitors from all parts of the world and will be taking only the best,” he said and added, “We think already the CSE is one among the best.”

“We are not just an Exchange living in Sri Lanka in South Asia.” Wijesinha said while participating at a bell-ringing ceremony of Colombo stock Exchange.

The Colombo Stock Exchange and the Securities and Exchange Commission of Sri Lanka today (04) rang the market opening bell as a call to action to improve financial education and literacy in Sri Lanka.

Speaking further Wijesinha noted that Sri Lanka’s capital market is “fighting below its weight class”  and  he would like to debate with any person who says that Sri Lankan market is not attractive enough to invest in.

“There are the private sector institutions who keep talking about political instability. Whether it is Hyde Park in London, in New York or even in Colombo, I would like to debate with anyone who says that our market is not attractive enough to invest in,” Wijesinha said.

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