Market Infrastructure

CBSL Devalues Currency After IMF Calls for Market-based Rates

10/03/2022

Sri 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.

CBSL Calls on Public to Report Illegal FX Dealers

03/03/2022

The 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.

Market Infrastructure

Sri Lanka Launches National Remittance Mobile App

20/02/2022

The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.

Capital / Liquidity

CBSL Says NBFI Consolidation is Strengthening the Sector

07/02/2022

Nine NBFIs have introduced fresh capital, while another 12 entities have received preliminary approvals for consolidation, the CBSL said.

Securities / Derivatives

Sri Lankan Bourse to Revise IPO Allotment Rules

04/02/2022

The new rules are aimed at ensuring greater transparency and fairness for retail investors in the allotment of IPO shares.

Sri Lanka Increasingly Vulnerable Amid Depleting FX Reserves

02/02/2022

Sri 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.

Market Infrastructure

Sri Lanka Commences Work to Establish CCP for Equities

27/01/2022

SEC chairman Viraj Dayaratne said “steady progress” is being made and the CCP is expected to launch by year end as planned.

Securities / Derivatives

Sri Lanka CSE Revises Calculation Methodology for Key Index

26/01/2022

The ASPI’s new calculation method will produce a more realistic representation of market returns, the Colombo Stock Exchange said.

CBSL Issues Corporate Governance Rules for Finance Companies

12/01/2022

Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.