Sri Lanka suspends Pan Asia Bank as primary dealer

The Monetary Board of the Central Bank of Sri Lanka has suspended the primary dealer status of Pan Asia Banking Corp (PABC) for six months.

  • By Morgan Davis
  • 23 Aug 2017
The central bank announced its decision in a press release last week, saying that the action comes after an investigation into the PABC’s transactions with Perpetual Treasuries in the government securities market. The suspension, which went into effect on August 15, restricts the bank’s access to primary auctions ...

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