Regulatory Alerts2020-03-31 | Finance Leasing Act Directions No. 2 of 2020Amendments to Directions on Liquid Assets
The Central Bank of Sri Lanka has amended the Finance Leasing Liquid Assets Direction to require Specialized Leasing Companies to maintain daily minimum liquid assets equal to at least five percent of their total liabilities and off-balance sheet items. The calculation explicitly excludes shareholder liabilities, securitizations, and long-term borrowings exceeding one year. These amended requirements will remain effective for six months to support financial stability during the COVID-19 pandemic.
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