Monetary Board Concerned About the Sharp Disparity in the Performances of Primary Dealer

Followed by the  Central Bank, special meeting held on  Friday (October 15) appraised the public of the outcome  as follows.

The Bank said it had considered an interim report on the operations of primary dealers, including their financial performance during the year that ended March 31, 2016 as well as the five month period ending August 31, 2016, and had ‘noted with concern’ the sharp disparity in the performance of primary dealers, as well as certain issues related to the pattern of trading activities.

It said that it had, in this connection, instructed the expeditious completion of the ongoing on-site examination reports, to enable the Monetary Board to make an early determination on the future course of action.