The financial crisis, stemming from the collapse of Golden Key Credit Card Company, and the possible consequential systemic crisis in the banking industry is negatively impacting stakeholders of banks, especially the depositors, said the former Ceylon Chamber of Commerce Chairman Chandra Jayaratne. In the current situation as well as for the future, Mr. Jayaratne is calling for the government, regulators, professionals, business, media and civil society to convene a round table for collective dialogue, debate and recommendations on risk management.
Discussions are essential on several different levels including ensuring a continuing public debate and dialogue on all critical national issues in order that the alternate views, critique and independent voice have a place in the decision making process, implementation and risk management, said Mr. Jayaratne in a statement. Collective stakeholders voices based on best advice influences decision making and implementation tracking and outcomes assessment. Mr. Jayaratne added that transparency, good governance and independence are allowed to prevail and are maintained by the stakeholders.
Moreover Mr. Jayaratne said the stakeholders engaged must have competency, capability, and the ability to think outside the box and be endowed with correct attitude and be willing to fearlessly express their independent positions and not echo what superiors wish to hear or try to meet guidelines of political reality in all suggested solutions.
The following 30 names have been recommended by Mr. Jayaratne to be participants in the round table: Sarath Amunugama – Minister of Enterprise Development and Investment Promotion; Milinda Moragoda – Minister of Tourism; Ravi Karunanayake – UNP Parliamentarian; an independent politico with capability; a nominee of JVP; a nominee of Tamil parties; senior nominee of the Treasury – R. A. Jayatissa – Deputy Treasury Secretary; a Deputy Governor of the Central Bank - W.A.Wijewardena or Dr. Ranee Jayamaha; Channa De Silva – Director-General SEC; Ms. Lasinee Seresinhe – Director-General of the Insurance Board of Sri Lanka; the Auditor General; nominee of the Attorney General’s Department; Dr. Harsha de Silva – Economist; Dr. Anila Bandaranayake – Former Director of Statistics at Central Bank; Dr. Sirimal Abeyratne – Economist; nominee of Ceylon Chamber of Commerce; nominee of the Federation of Chambers of Commerce and Industry; nominee of Transparency International; nominee of the Centre for Policy Alternatives; Ranjit Fernando; Dr. Sunimal Fernando; nominee of Bankers Association; nominee of Finance Houses Association; nominee of the Insurance Association; Prof. W.D. Lakshman representing the National Council for Economic Development (NCED); Chairman of the Economists Association; nominee of the Organisation of Professionals Association (OPA); World Bank Economist; Asian Development Bank Economist and a nominee of the Media. (NG) |
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