All posts tagged "CBSL"
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739Asia-PacificCBSL Orders Banks to Surrender More Foreign Currency
The 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.
January 3, 2022 -
681Asia-PacificSri Lanka Takes Step Forward on CCP Establishment
A newly-formed committee will identify the CCP's operating model and propose the necessary procedures for its establishment, including procurement.
January 3, 2022 -
1.0KAsia-Pacific
CBSL Issues Technology Risk Management Rules for Banks
The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
December 28, 2021 -
208AML / KYCCBSL to Prosecute Remittances via Informal Channels Under AML Law
Foreign workers have been using Hawala channels for remittances, as they offer better rates than formal banking channels.
December 7, 2021 -
367Asia-PacificSri Lanka Budget Imposes Heavy Burden on Financial Industry
Sri Lankan bankers estimate that nearly 50 percent of the proposed LKR 304 billion in the budget will come from the financial services industry.
November 18, 2021 -
340Asia-PacificSri Lanka Rolls Out National QR Payments Solution
LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
November 13, 2021 -
584Asia-PacificSri Lanka to Develop Regulatory Framework for Cryptocurrency
The committee will advise Sri Lanka's cabinet on a regulatory framework for Sri Lanka for blockchain, digital banking and crypto mining.
October 15, 2021 -
355Asia-Pacific
Sri Lanka: CBSL Collaborates with Industry on Inward Remittances
The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.
October 13, 2021 -
196Australia & NZNew Zealand Becomes Third in APAC to Raise Rates
The RBNZ increased its official cash rate for the first time in seven years to contain inflationary pressures and cool the housing market.
October 8, 2021 -
269Asia-Pacific
CBSL Roadmap Outlines Six Month Plan to Stabilise Sri Lanka
Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.
October 7, 2021
