SriLanka, May 24 -- The Employees' Provident Fund (EPF), despite being Sri Lanka's largest financial institution, has lower transparency and disclosure standards compared to other entities that manage funds on behalf of third parties, such as companies listed on the Colombo Stock Exchange, licensed commercial banks, and unit trusts.

This was revealed in a new research brief by Verite Research titled 'The Employment Provident Fund in Sri Lanka: A Comparative Assessment of the Adequacy of Information Disclosure' published today.

The brief found that the EPF discloses less information, in less detail, less often, and with less timeliness than these other entities, which also hold pools of public savings. This suggests that the Central Bank...