All posts tagged "CBSL"
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215Asia-PacificCBSL Warns Banks Against Creating FX Black Market
Sri Lankan banks are charging heavy premiums to execute FX transactions, claiming to not have US dollars available.
October 4, 2021 -
316Asia-PacificSri Lanka: CSE to Allow Fundraising in Foreign Currencies
Sri Lankan companies will be allowed to raise debt and equity in foreign currency on the Colombo Stock Exchange. A new benchmark index is also being launched.
September 18, 2021 -
199Asia-PacificNew CBSL Governor Takes Office, Pledges to Ensure Stability
The changes at the CBSL come as Sri Lanka faces depleting foreign exchange reserves and a weakening currency.
September 17, 2021 -
360Asia-PacificCBSL Governor Steps Down as Sri Lanka Faces FX Crisis
Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.
September 13, 2021 -
257Asia-PacificS. Korea, Sri Lanka Become First in APAC to Raise Interest Rates
The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.
August 26, 2021 -
269Asia-Pacific
Sri Lanka Central Bank Directs Banks to Defer Dividends
The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.
July 28, 2021 -
243Asia-Pacific
Sri Lanka to Launch New OTC Platform for Repo Trading
Firms seeking to carry out repo transactions on debt securities are invited to apply for trading membership.
July 16, 2021 -
321Asia-PacificCBSL Lifts Ban on Banks Buying Sri Lankan Sovereign Bonds
Banks can purchase Sri Lankan sovereign bonds in the secondary market only using freshly raised borrowings from overseas.
June 25, 2021 -
234Asia-Pacific
CBSL to Require Banks to Maintain Recovery Plans from 2022
Starting in 2022, Sri Lankan banks with assets above LKR 1 trillion must formulate and submit their recovery plans to the CBSL annually.
June 24, 2021 -
291Asia-Pacific
Sri Lanka Central Bank Asks Private Sector to Borrow Offshore
A zero cost swap facility is being made available for private forms to convert foreign currency borrowings into domestic currency.
June 12, 2021
