Monetary Board considers interim report on Primary Dealers

Oct 14, 2016 (LBO) – The Monetary Board, at a special meeting on Friday, considered an interim report on the operations of primary dealers, including their financial performance during last year and the current year.

“It noted with concern the sharp disparity in the performance of primary dealers, as well as certain issues related to the pattern of trading activities,” the statement said.

“In this connection, the Monetary Board instructed expeditious completion of the ongoing process of preparation of the relevant On-Site Examination Reports. This would enable the Monetary Board to make an early
determination on the future course of action.”