Sri Lanka Opens for Derivatives as Legal and Regulatory Framework is in Place

23rd March 2010, 365financenews.wordpress.com

Derivatives, a long-term capital market instrument will be introduced to the Sri Lankan investment portfolio shortly. It could not be implemented until recently due to lack of legal and regulatory framework, Securities and Exchange Commission’s Financial Services Academy Director Dr. Harendra Dissa Bandara told Daily News Business.

Derivatives are gaining much popularity in the emerging markets due to its successful implementation and trading where Sri Lanka could benefit. The objective of this program is to create awareness before the product is introduced to the capital market.

There will be a 2 day conference on derivatives in Colombo and over 100 local participants from the stock brokering industry, market intermediaries, unit trusts, academics, banking and financial professionals and lawyers will benefit from this conference.

Topics such as forwards and futures- products and pricing, trading strategies, clearing, settlement and risk management in derivatives will be discussed.