Posts By Duruthu E Chandrasekera, Regulation Asia
-
540CBSL Issues Corporate Governance Rules for Finance Companies
Duruthu E Chandrasekera, Regulation Asia January 13, 2022Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.
-
911
CBSL Orders Banks to Surrender More Foreign Currency
Duruthu E Chandrasekera, Regulation Asia January 3, 2022The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.
-
770Sri Lanka Takes Step Forward on CCP Establishment
Duruthu E Chandrasekera, Regulation Asia January 3, 2022A newly-formed committee will identify the CCP's operating model and propose the necessary procedures for its establishment, including procurement.
-
1.2K
CBSL Issues Technology Risk Management Rules for Banks
Duruthu E Chandrasekera, Regulation Asia December 28, 2021The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
-
616
Sri Lanka Regulator to Align Rules with New SEC Act Within January
Duruthu E Chandrasekera, Regulation Asia December 28, 2021The new SEC Act passed in September paves the way for new rules and guidelines to raise ESG standards among listed companies in Sri Lanka.
-
275CBSL to Prosecute Remittances via Informal Channels Under AML Law
Duruthu E Chandrasekera, Regulation Asia December 7, 2021Foreign workers have been using Hawala channels for remittances, as they offer better rates than formal banking channels.
-
482Tax Incentives Prompt Raft of IPO Listings in Sri Lanka
Duruthu E Chandrasekera, Regulation Asia November 28, 2021Companies will be able to maintain a reduced corporate tax rate for three years after listing. The CSE's listing framework was also revamped earlier this year.
-
477Sri Lanka Budget Imposes Heavy Burden on Financial Industry
Duruthu E Chandrasekera, Regulation Asia November 18, 2021Sri Lankan bankers estimate that nearly 50 percent of the proposed LKR 304 billion in the budget will come from the financial services industry.
-
305
CSE Set to Implement New Index Calculation Methodology
Duruthu E Chandrasekera, Regulation Asia November 18, 2021The current methodology has resulted in record high index levels from trading activity in stocks with little free float and actual liquidity.
-
614Sri Lanka Cabinet Approves Data Protection Bill
Duruthu E Chandrasekera, Regulation Asia October 15, 2021Data controllers must ensure the security and confidentiality of personal data. The rights of data subjects will be enhanced. Cross-border transfers are allowed.
