The liquidity of SDLs in the secondary market as reflected from its share in total G-Sec secondary market, remains significantly low (less than 5 per cent). The lack of liquidity can be attributed to reasons such as low outstanding stock of multiple SDLs, market microstructure issues and lack of market makers.
I would like to thank all of you present, for accepting the invitation to take part in this gathering, which is expected to lead to meaningful and productive deliberations, on a range of issues that are critical to developing AML/CFT regimes in our region.