All posts tagged "CBSL"
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453Asia-PacificSri Lanka Central Bank Introduces Measures to Support Financial Sector
Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.
April 2, 2020 -
1.0KAsia-Pacific
Sri Lanka Central Bank Directs FIs to Implement Debt Moratorium
The debt moratorium will be implemented for personal loans, credit card debt, SME loans, among other sectors. Financial institutions are also directed to provide new working capital loans.
March 26, 2020 -
344Asia-Pacific
Sri Lanka Closes Stock Market, Cuts Policy Rates
The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says "could lead to panic in the financial market."
March 18, 2020 -
407Asia-Pacific
Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate
This decision reflects the lack of SLIBOR's usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.
February 27, 2020 -
492Asia-Pacific
Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA
The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start "immediately", says ICRA Lanka, a Moody's group company.
February 11, 2020 -
658Asia-Pacific
Sri Lanka Offers Credit Support for Banks to Boost SME Lending
The new scheme provides risk mitigation support to banks that defer principal repayment and extend new loans for SME borrowers, including those that have defaulted.
January 18, 2020 -
772Asia-PacificSri Lanka to Enact New Banking Act in 2021
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
January 10, 2020 -
692Asia-PacificSri Lanka to Penalise 8 Banks for Failing to Lower Lending Rates
Eight banks will be penalised for failure to lower lending rates by a 27 December 2019 deadline set by the central bank in September last year, intended to ensure the public benefits from monetary policy decisions.
January 7, 2020 -
582AML / KYC
Sri Lanka to Develop Shared KYC Facility Using Blockchain
The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.
December 6, 2019 -
795AML / KYCFATF Removes Sri Lanka from ‘Grey List’; Pakistan to Remain
Sri Lanka has made "significant progress" to address strategic AML/CFT deficiencies; Pakistan has only largely addressed 5 of 27 action items and has failed to meet agreed deadlines.
October 23, 2019
