Financial Sector Consolidation Update - September 2014
The work relating to the mergers/acquisitions that have already commenced continued to progress, with the respective banks and NBFIs working towards the timelines set at the beginning of the year.
The Central Bank held a further round of discussions with selected NBFIs with a view to resolving pending issues on their respective consolidation processes, and at these meetings, necessary guidance was provided for the facilitation of the implementation of the respective merger plans.
In the meantime, the Central Bank’s Internal Committees also reviewed the current regulatory framework for banks and NBFIs with a view to further strengthening financial system stability in the post-consolidation period.
http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20140930eb.pdf
- BackstageTop contributor
- Posts : 3803
Join date : 2014-02-24
Re: Financial Sector Consolidation Update - September 2014
- Top TraderTop contributor
- Posts : 155
Join date : 2014-03-06
Re: Financial Sector Consolidation Update - September 2014
Backstage wrote:Did you notice the big ARPI parcel this morning ?
http://www.cse.lk/cmt/upload_cse_announcements/3251412136952_.pdf - AMF is the buyer
- BackstageTop contributor
- Posts : 3803
Join date : 2014-02-24
Re: Financial Sector Consolidation Update - September 2014
Top Trader wrote:Backstage wrote:Did you notice the big ARPI parcel this morning ?
http://www.cse.lk/cmt/upload_cse_announcements/3251412136952_.pdf - AMF is the buyer
Thnx TT, now what will ALLI do with the money ? Give it to us ?
- Financial Sector Consolidation Update – May 2014
- Financial sector consolidation update – October 2014
- Non-banking sector consolidation; learning the hard way
- Fresh impetus for financial sector consolidation from Govt. via new policy
- Sri Lanka insurance sector needs consolidation push: Presidential advisor