Posts By Duruthu E Chandrasekera, Regulation Asia
-
798Bangladesh Banks Show Little Interest in Stock Market Investment
Duruthu E Chandrasekera, Regulation Asia July 15, 2020Despite a central bank programme offering credit support for banks to invest in the stock market, banks are showing little interest in participating.
-
1.0KBanks ‘Must’ Pass on Reduce Rates to Borrowers: CBSL
Duruthu E Chandrasekera, Regulation Asia July 10, 2020Sri Lanka's central bank has cut interest rates again and is ramping up pressure for banks to reduce the rates they charge borrowers, particularly small businesses.
-
934Indonesia’s Planned Bank Regulation Reshuffle Will Take Time
Duruthu E Chandrasekera, Regulation Asia July 8, 2020President Joko Widodo's plan to return bank oversight functions to Bank Indonesia is unlikely to be an immediate fix for the ongoing Covid-19 related challenges.
-
1.5K
Sri Lanka Shortlists Three Firms to Build Shared KYC Facility
Duruthu E Chandrasekera, Regulation Asia July 7, 2020The three shortlisted firms, including one from Sweden, will begin work on a proof-of-concept, which is expected to be completed in six to nine months.
-
976Sri Lanka Bourse to Introduce Easier Listing Rules from 15 July
Duruthu E Chandrasekera, Regulation Asia July 4, 2020Requirements on capital, profitability and net assets have been relaxed to pave the way for new listings from start-ups and tech firms.
-
2.9K
Sri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster
Duruthu E Chandrasekera, Regulation Asia June 22, 2020A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF's grey list, says Duruthu Chandrasekera.
-
1.6K
Sri Lanka Cuts Statutory Reserve Ratio, Expands Lending Facility
Duruthu E Chandrasekera, Regulation Asia June 17, 2020The CBSL has cut the statutory reserve ratio by 200 basis points, releasing $617mn in liquidity in the banking system. The size of its re-finance facility has also been tripled.
-
1.3K
Bangladesh Relaxes Rules Prohibiting Bank Dividends
Duruthu E Chandrasekera, Regulation Asia June 14, 2020Banks are allowed to distribute cash dividends to general shareholders and stock dividends to sponsors and institutional investors.
-
993Sri Lanka to Triple Refinance Facility Limit for Banks
Duruthu E Chandrasekera, Regulation Asia June 8, 2020The tripling of the limit was proposed to the Cabinet following complaints from various parties that they had not received relief from their banks.
-
1.8K
Sri Lanka SEC Approves Rules to Digitalise Stock Market
Duruthu E Chandrasekera, Regulation Asia June 8, 2020Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.
