All posts tagged "CBSL"
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300Asia-PacificSri 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 -
1.2KAsia-Pacific
LIBOR Phase-out, RFR Adoption: A Path Forward for Sri Lanka
The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.
April 12, 2021 -
459Asia-Pacific
CBSL Reduced Risk Weights on Bank Mortgage Loans
The Sri Lankan central bank has lowered the risk weights applicable to credit risk for foreign claims on the central government and residential housing loans.
February 1, 2021 -
454Asia-PacificCBSL Orders Banks to Delay Dividends, Halt Share Buybacks
Foreign banks are also instructed to defer repatriation of profits not already declared for 2019 and 2020 until their financial statements for 2020 are finalised and audited.
January 24, 2021 -
425Asia-Pacific
CBSL Interest Rate Cap on Housing Loans Need Clarity
The interest rate cap is intended for housing loans for salaried employees, but CBSL has not indicated if it will apply to refinance loans.
December 11, 2020 -
664Asia-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 -
1.1KAsia-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 -
802Asia-Pacific
Sri 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 -
1.8KAsia-Pacific
Sri 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 -
1.4KAML / 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
