SEC hosts seminar at Hilton
Dr Nalaka Godahewa, Chairman, SEC opening
The Securities and Exchange Commission of Sri Lanka (SEC) hosted the
Asia Pacific Economic Cooperation (APEC) Financial Regulators Training
Initiative (FRTI) regional seminar on ‘Regulation and Supervision of
Derivatives Markets’ from October 8 to 12 2012 at Hilton, Colombo.
This seminar was ideal for those regulatory regimes who are
considering launching a derivatives market or for those who need a
broader understanding of the complete derivatives transaction chain.
The opening remarks were delivered by Dr Nalaka Godahewa, Chairman,
SEC whilst Prof. Hareendra Dissabandara Acting Director General, SEC
spoke on ‘facilitating the introduction of Derivatives to the Sri Lankan
capital market’. The closing remarks were delivered by Dhammika Perera,
Deputy Director General, SEC.
The Asia Pacific Economic Cooperation (APEC) endorsed the
establishment of the Financial Regulators Training Initiative (FRTI) to
enhance training efforts for Financial Regulators at national and
The Asian Development Bank (ADB) has been acting as the Secretariat
to the FRTI and financially supporting its training activities with the
objectives of strengthening content management of international training
programmes and developing training programmes for junior and mid level
supervisors and regulators.
The agenda for the seminar covered a wide range of topics such as
regulation and supervision of exchange traded and OTC derivative market
transactions, new derivative regulatory reforms arising from the global
financial crisis, trading mechanisms, supervision and risk management,
surveillance and clearing. The seminar was especially relevant to SEC
Sri Lanka since the SEC is planning to facilitate launching of
derivatives in the near future.
Many local participants as well as regional participants from
Cambodia, Hong Kong, Malaysia, Thailand, India, Nepal, Republic of
Korea, Indonesia, People’s Republic of China and Taipei attended the
The resource personnel comprised of Shashi Valsakumar Deputy General
Manager, Integrated Surveillance Department, Securities and Exchange
Board of India, Sangho Ha Vice President, Market Oversight Coordination,
Korea Exchange and Bronwyn Hill, Senior Manager, Market and Participant
Supervision, Australian Securities and Investments Commission.