Regulatory Alerts2023-01-31 | Banking Act Determination No. 01 of 2023Definition of Liquid Assets Under Sections 86 and 76J(1) of the Banking Act
The Monetary Board of the Central Bank of Sri Lanka has designated qualifying non-financial corporate debt securities and common equity shares as liquid assets for licensed commercial and specialised banks. This determination directly modifies the calculation of their Statutory Liquid Asset Ratio by expanding eligible asset categories beyond traditional holdings. The classification adopts definitions from Banking Act Directions No 01 of 2015, ensuring alignment with established Basel III liquidity standards.
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