Monday, 29 April 2024
CB Monetary Board expresses concern on the performance of primary dealers

CB Monetary Board expresses concern on the performance of primary dealers

The Monetary Board of the Central Bank expressed concern on the sharp disparity in the performance of primary dealers, as well as certain issues related to the pattern of trading activities.

At a special meeting held today (14), the Board instructed expeditious completion of the ongoing process of preparation of the relevant On Site Examination Reports.

This directive was issued by the Monetary Board when they considered an interim report on the operations of primary dealers, including their financial performance during the year ended 31stMarch, 2016as well as the five month period ended 31st August 2016.

This would enable the Monetary Board to make an early determination on the future course of action, it said in a pres release without mentioning any thing about the leaked On Site Examination Report on Perpetual Treasuries Ltd (PTL) which was allegedly involved in CB Bond scam.

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