‘Financial literacy key for market growth’ | Daily News

‘Financial literacy key for market growth’

CSE Head of Market Development Niroshan Wijesundere, SEC Assistant Director of Investor Education and Advocacy Suneth Perera, CSE Chief Regulatory Officer Renuke Wijayawardhane, CSE CEO Rajeeva Bandaranaike, SEC Chairman Ranel T. Wijesinha, SEC Director General Vajira Wijegunawardane, CSE Director Dumith Fernando, CSE Director Shanil Fernando, SEC Director of Investor Education and Advocacy Tushara Jayaratne at the event

CSE Head of Market Development Niroshan Wijesundere, SEC Assistant Director of Investor Education and Advocacy Suneth Perera, CSE Chief Regulatory Officer Renuke Wijayawardhane, CSE CEO Rajeeva Bandaranaike, SEC Chairman Ranel T. Wijesinha, SEC Director General Vajira Wijegunawardane, CSE Director Dumith Fernando, CSE Director Shanil Fernando, SEC Director of Investor Education and Advocacy Tushara Jayaratne at the event  

Financial literacy is the underpinning factor that allows financial markets to grow and it is an important time for us to recognize the imperative here given the nature and stage of our own capital market, Colombo Stock Exchange (CSE) Director Dumith Fernando told the world investor week campaign in Colombo.

He said that it is the responsibility of financial sector participants to play a greater role in financial education and encouraged stakeholders to continue to endeavor to make the community more financially savvy, for the benefit of both our community and the prosperity of our nation.

The CSE in association with the Securities and Exchange Commission of Sri Lanka (SEC) joined stock exchanges from around the world to Ring the Bell for Financial Literacy, as part of the World Investor Week 2019 global campaign. The event gathered senior representatives of the capital market fraternity as a call to action to improve financial education and literacy in Sri Lanka.

The International Organization of Securities Commissions (IOSCO) recently launched its third annual World Investor Week campaign following campaigns that previously paved the way for more than 1,000 financial organizations to showcase their initiatives for promoting investor education and protection across the globe.

The Ring the Bell for Financial Literacy Ceremony organized at CSE was part of a series of initiatives organized in Sri Lanka for the World Investor Week campaign by the CSE and the SEC. several other initiatives too were organized. These events are in addition to the programs conducted by CSE and SEC covering a broad range of socio-economic and demographic segments around the country targeting various aspects of financial literacy.

Speaking at the ceremony, SEC Chairman Ranel T. Wijesingha called for all stakeholders in the business community to join forces to create awareness on the potential of the Sri Lankan Capital Market among communities in all socio-economic and demographic segments around the country.

Wijesinha also went on to state that the SEC is committed to the cause and will continue to play an active role in educating investors and potential investors in order to pave the way for a higher level of financial literacy in the country.

SEC Director General Vajira Wijegunawardane, noted that the extensive effort made by the SEC towards educating the Sri Lankan investment community has been recognized internationally and played a pivotal part in the SEC being included on IOSCO’s Committee on Retail Investors in 2016. Wijegunawardane urged Stock Broker Firms, Unit trusts and professional institutions to play an active role in reaching out and contribute towards increasing the current modest levels of financial literacy that prevails in the country.


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