July 31, 2024
2min
The Maldives Monetary Authority (MMA), the country’s central bank, has announced the development of a Green Finance Taxonomy. The Maldives, being a Small-Island Development State (SIDC), is at extreme risk several areas of vulnerability from climate change. This includes rising sea levels, sea surface temperature, erosion, droughts, bleaching of coral reefs, vector borne diseases – […]
February 27, 2024
8min
The purpose of this press release is to clarify the facts as a professional union representing the Executive Officers of the Central Bank of Sri Lanka, as it was evident that the discourse on the recent salary revision of the Central Bank of Sri Lanka is extremely partial and raised without proper knowledge of the […]
June 23, 2023
June 21, 2023
6min
Cautions that preserving the status quo of failed borrowers at the expense of depositors is not sustainable Stresses need for development of an effective insolvency regime Discloses that moratoriums, restructurings and other forms of payment relief offered over the last three years exceeds Rs 2 trillion The Sri Lanka Banks Association (SLBA) […]
January 9, 2023
4min
The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic money […]
December 29, 2022
2min
The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022. Accordingly, SFSP is not permitted to engage […]
October 4, 2022
6min
04 October 2022, Colombo: Representing yet another key stride taken to ensure that Sri Lanka will be able to reap the benefits of a digital tomorrow, LANKAQR, a project initiative from the Central Bank of Sri Lanka (CBSL), recently launched its inaugural webinar series to educate the public on how LANKAQR intends […]