HSBC ceases its Primary Dealership with Sri Lanka’s Central Bank

Mar 31, 2016 (LBO) – Sri Lanka’s Central Bank said in a statement that the Hongkong and Shanghai Banking Corporation (HSBC) will cease to operate as a Primary Dealer from tomorrow.

HSBC will, however, continue to function as a Dealer Direct Participant in scripless securities and transact in scripless securities on behalf of customers and maintain customer accounts in LankaSecure, the Central Bank said.