Sri Lanka, June 18 -- The capital market regulator, the Securities and Exchange Commission (SEC), is positioning equity and debt markets to play a larger role in financing economic growth, noting that the corporates will increasingly need to look beyond the traditional bank borrowing as the regulatory changes tighten the lending concentration limits and funding needs expand.

SEC Chairman Senior Professor Hareendra Dissabandara said efforts are underway to deepen the capital market and broaden the financing avenues for businesses at a time when the economy is emerging from crisis and transitioning towards a more sustainable growth path.

"One of the key drivers for this initiative is the introduction of Single Borrower Limits by the Cent...