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Friday, 03 June 2016 - 8:31
EPF also for Bond Auction – A Recommendation from Central Bank
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Sri Lanka’s Monetary Board, in a statement, says a market based mechanism has been in place since February 2015 in auctioning of Treasury bills and bonds, in response to allegations of lack of transparency in processes followed.

Given the existing and emerging financial needs of the Government, the Monetary Board has recommended The relevant management team to hold pre-bid meetings with all the Primary Dealers to share information on market developments and to have a clearly defined auction calendar, to examine the international best practices with respect to volumes advertised and accepted at public auctions and propose to the Board as to how the Central Bank should adopt such practices and The Employees Provident Fund to actively participate at the Primary Auctions.

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