The Chartered Financial Analyst (CFA) Institute on Wednesday expressed its commitment and ability to impact Sri Lanka positively in terms of helping the country’s ambitious plans for capital market development.
The CFA which is making efforts to improve financial literacy and to promote the highest ethical standards and professional excellence within the local investment community is also looking to further broaden its collaboration with the Colombo Stock Exchange (CSE).
To this end, the CFA in partnership with the CSE is looking to explore numerous opportunities in many areas in the capital market, Paul Smith, president and chief executive of the CFA Institute said. Paul Smith who is on an official visit to Sri Lanka had been invited by the CSE to open the market on Wednesday.
“We believe in our ability to influence and help develop capital markets wherever the CFA happened to be in the world. So I would urge you to consider us as your partner in that regard.” he told. He also expressed his satisfaction over measures taken by the Sri Lankan government to create a vibrant and an efficient capital market in Sri Lanka.
“What is the point of what we do. I think in a country like Sri Lanka that’s really obvious. The point of what we do is to help all Sri Lankans achieve their financial aspirations particularly through the development of the capital market which the CSE is such a key element,” he said.
He said further, “The world needs not just financial professionals help it develop, but it needs highly ethical financial professionals with technical competence. We feel we’re the platinum standard in the financial industry. We recognize not only technical competence, but also ethical standards of people.”
CFA Institute stands for creating an environment where investors’ interests come first, markets function at their best, and economies grow.
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