A new department to handle Resolution and Enforcement is to be set up by the Central Bank (CB) early next year, CB sources told the media on Friday morning.
This was revealed by the CB’s Director of Bank Supervision during an awareness programme on Basel III for journalists and media professionals.
This new department is to be set up in a bid to streamline the enforcement of the legal aspects of bank supervision. The CB is also in the process of amending and upgrading its monetary laws and finance business laws to enable more powers to the CB, they said.
The regulator is to issue a consultation paper next month on the implementation of net stable funding ratio, a longer term structural ratio designed to address liquidity mismatches. (DEC)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
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