Disparity in Treasury Bills market; Monetary Board to take immediate action

Saturday, 15 October 2016 - 19:17

The Monetary Board stated that there is a sharp disparity in the performance of primary dealers, as well as in certain issues related to the pattern of trading activities.

The matter was brought to light at a special meeting held yesterday, after considering the interim report on the operations of primary dealers, including their financial performance during the year which ended on 31st of March, 2016 as well as the five month period which ended on 31st of August 2016.

A special meeting was convened yesterday by the Monetary Board to discuss on several issues including the Treasury bond issue.

The Monetary Board has also instructed to expedite completion of the ongoing process of preparation of the relevant On-Site Examination Reports.

This would enable the Monetary Board to make an early determination on the future course of action.