central bank halts finance companies merge.

Teller · 1 central bank halts finance companies merge. Fri Feb 20, 2015 11:01 pm

Teller

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Feb 20, Colombo: Sri Lanka's financial sector consolidation process, which was initiated by the previous government, will be halted until the parliamentary election is concluded, According to Central Bank sources.

D.G.Dayaratne · 2 Re: central bank halts finance companies merge. Fri Feb 20, 2015 11:27 pm

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Amalgamation or not has to be decided by Banks and market forces

Central bank role is to facilitate and guide genuinely

Last edited by D.G.Dayaratne on Fri Feb 20, 2015 11:27 pm; edited 1 time in total (Reason for editing : typing error)

EquityChamp · 3 Re: central bank halts finance companies merge. Fri Feb 20, 2015 11:42 pm

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D.G.Dayaratne wrote:Amalgamation or not has to be decided by Banks and market forces

Central bank role is to facilitate and guide genuinely

Agree. But in Financial sector Central Bank must ensure to stop the chances for monopoly and also perfect competition. I think the fundamental reason for CB earlier decision for consolidation was to bring the country's financial market into a Oligopoly market because lot of financial companies were present in the economy which seems to be too much.

D.G.Dayaratne · 4 Re: central bank halts finance companies merge. Sat Feb 21, 2015 8:24 am

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Competition,Oligopoly or monopoly should be decided by market

Govt role is to introduce rules regulations and controls to provide

maximum benefits to the average people

If govt authorities decide the form of market that is a type of Dictatershid