Posts By Duruthu E Chandrasekera, Regulation Asia
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308Sri Lanka Likely to Secure IMF Funding Next Week
Duruthu E Chandrasekera, Regulation Asia March 16, 2023The IMF's Kristalina Georgieva has welcomed "decisive policy actions" by Sri Lankan authorities and the financial assurances obtained from major creditors.
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722CBSL Issues Fresh Instruction on Consolidated SLAR Reporting
Duruthu E Chandrasekera, Regulation Asia November 29, 2022The CBSL is working to address a local currency liquidity deficit in the banking system. Banks can continue to hold 90% NSFR until year-end.
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433Sri Lanka SEC, CSE Sign MOU with Accounting Body on ESG
Duruthu E Chandrasekera, Regulation Asia September 9, 2022MOUs with CFA Society and CA Sri Lanka were signed as a prelude to the establishment of an ESG index by the CSE.
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Sri Lanka to Face Challenges Implementing IMF Conditions
Duruthu E Chandrasekera, Regulation Asia September 8, 2022Economists say the package will not be a panacea for Sri Lanka's problems, with the economy already shrinking due to policies recommended by the IMF.
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423Sri Lanka Launches Third Phase of Capital Market Digitisation
Duruthu E Chandrasekera, Regulation Asia August 31, 2022SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.
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482Foreign Bondholder Files Suit Against Sri Lanka Over Default
Duruthu E Chandrasekera, Regulation Asia June 30, 2022Sri Lanka’s prime minister Ranil Wickremesinghe expects to have a debt restructuring agreement with the IMF in place by late July.
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303
Sri Lankan Banks Get Reprieve Amid Forex Crisis
Duruthu E Chandrasekera, Regulation Asia May 28, 2022Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
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597SEBI Proposes to Allow Confidential Filings of IPO Documents
Duruthu E Chandrasekera, Regulation Asia May 19, 2022SEBI is looking to incentivise more IPO listings by addressing concerns that information contained in IPO documents could be used by an applicant's competitors.
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687CBSL Direct Banks to Halt Dividends as Sri Lanka Crisis Ensues
Duruthu E Chandrasekera, Regulation Asia May 13, 2022Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the "prevailing macroeconomic tumult"
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580Sri Lanka Expects to Secure IMF Loan Within Two Months
Duruthu E Chandrasekera, Regulation Asia April 29, 2022Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
