All posts tagged "CBSL"
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700Asia-PacificSri 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 -
864Asia-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 -
1.1KAsia-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 -
1.3KAsia-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 -
738AML / 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 -
1.1KAML / 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 -
602Asia-Pacific
Sri Lanka Makes Credit Ratings Compulsory for Finance Companies
Licensed finance companies are required to enter into agreement with reputed credit agencies to obtain ratings by 30 April.
April 13, 2018 -
655AML / KYC
Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
April 2, 2018 -
913Asia-Pacific
Sri Lanka to Bail Out Finance Company Depositors
The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.
March 9, 2018
