All posts tagged "CBSL"
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353Asia-PacificSri Lanka Budget Offers Boost to Capital Markets, Banking Sector
The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.
November 20, 2020 -
656Asia-PacificSri Lanka SEC to Overhaul Capital Market Rules in Stages
"The market has evolved over the past ten years and technology has also raised the bar. There is a need to be in line with the times,” SEC Chairman Viraj Dayaratne told Regulation Asia.
October 13, 2020 -
538Asia-PacificSri Lanka Drafts Resolution Framework for Banks, Finance Companies
The CBSL will have the ability to replace an institution's management, operate an agent institution and bail out an institution where necessary.
October 13, 2020 -
1.2KAsia-PacificSri Lanka: CBSL to Introduce Fintech Regulatory Framework
The central bank set up a fintech sandbox in February but no companies have applied to participate so far, officials told Regulation Asia.
October 6, 2020 -
876AML / KYCSri Lanka: CSE Enables Digital ID Verification for Account Opening
The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
September 23, 2020 -
608Asia-Pacific
CBSL to Allow Foreign Investors to Hedge Currency Risk with Swaps
As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks' funds into the stock market.
September 16, 2020 -
673Asia-Pacific
Sri Lanka Eases Shareholder Limits on Commercial Banks
Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.
September 14, 2020 -
958Asia-PacificSri Lanka to Commence Probe into State Bank Fraud
Bank of Ceylon, People’s Bank, National Savings Bank, Regional Development Bank, and their related institutions will be probed for irregularities.
August 20, 2020 -
698AML / KYC
Sri Lanka Fines 2 Banks, 3 Finance Firms for AML Failures
Sri Lanka's FIU has revealed that two banks and one finance company were penalised in 2019, and two other finance companies in 2020.
July 30, 2020 -
746Asia-Pacific
Sri Lanka Banks No Longer ‘Scared’ to grant Covid-19 Loans
Banks no longer need to risk weight the loans against capital due to a guarantee scheme announced by CBSL earlier this month.
July 23, 2020
