The President of the CFA Institute Paul Smith who is presently visiting Sri Lanka hope to promote fair and transparent capital market and investor protection.

“We are in many ways a research driven organization. We believe passionately in our ability to influence and help develop the capital market where ever we happen to be in the world. We would like to be able to impact Sri Lanka positively in terms of helping you formulate your plans for capital market development going forward.”

“The point of what we do is to help all Sri Lankan achieve their financial aspirations and one of the way of helping that is through development of the capital markets which is the Colombo stock exchange is such a key element,” Paul Smith said whilst speaking at the bell ringing ceremony at the Colombo Stock Exchange’s (CSE) today (31).

Speaking further Smith noted that the biggest constraint for all developing markets at present is the competition for capital globally.

“The capital of the moment for developing markets is quite constrained in any event due to the fact that growth globally is quite shallow and so the competition for resources is that much higher”

“When I look at Sri Lanka, look at its geopolitical positioning, the work that your government is doing to position your capital market for the future, I think you are doing all of the things that you need to do. The biggest constraint unfortunately today is global liquidity for developing market investment and that is unfortunately something that is out of your control,” he added.