Posts By Duruthu E Chandrasekera, Regulation Asia
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531CBSL, Finance Ministry Declare Sri Lankan Banking System Stable
Duruthu E Chandrasekera, Regulation Asia April 1, 2022The Finance Ministry of and CBSL were responding to rumours of a default by a state bank, which reportedly did not have enough FX to honour a swap with two other banks.
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CBSL to Incentivise Green Finance, Create Taxonomy
Duruthu E Chandrasekera, Regulation Asia March 30, 2022Sri Lanka's banks and the private sector need to be incentivised to make investments in low carbon energy projects, the CBSL said.
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CBSL Devalues Currency After IMF Calls for Market-based Rates
Duruthu E Chandrasekera, Regulation Asia March 11, 2022Sri Lanka's official exchange rate has been effectively pegged to the USD since April 2021. The IMF called for a return to a market-determined and flexible exchange rate.
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CBSL Calls on Public to Report Illegal FX Dealers
Duruthu E Chandrasekera, Regulation Asia March 4, 2022The public is asked to inform the Foreign Exchange Department of CBSL of any person, institution or any other entity that is engaged in unauthorized FX dealings.
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558Sri Lanka Launches National Remittance Mobile App
Duruthu E Chandrasekera, Regulation Asia February 21, 2022The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
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CBSL Says NBFI Consolidation is Strengthening the Sector
Duruthu E Chandrasekera, Regulation Asia February 8, 2022Nine NBFIs have introduced fresh capital, while another 12 entities have received preliminary approvals for consolidation, the CBSL said.
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210Sri Lankan Bourse to Revise IPO Allotment Rules
Duruthu E Chandrasekera, Regulation Asia February 4, 2022The new rules are aimed at ensuring greater transparency and fairness for retail investors in the allotment of IPO shares.
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Sri Lanka Increasingly Vulnerable Amid Depleting FX Reserves
Duruthu E Chandrasekera, Regulation Asia February 3, 2022Sri Lanka is seeking advice from the IMF and credit from China, India, Pakistan and Australia, while the central bank offers to pay migrant workers for FX inflows.
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480Sri Lanka Commences Work to Establish CCP for Equities
Duruthu E Chandrasekera, Regulation Asia January 28, 2022SEC chairman Viraj Dayaratne said "steady progress" is being made and the CCP is expected to launch by year end as planned.
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Sri Lanka CSE Revises Calculation Methodology for Key Index
Duruthu E Chandrasekera, Regulation Asia January 27, 2022The ASPI's new calculation method will produce a more realistic representation of market returns, the Colombo Stock Exchange said.
