Regulatory Alerts2013-12-02 | Directions, Circulars and Guidelines - LSBDirections, Determinations and Circulars Issued to Licensed Specialised Banks up to 30 November 2013
The Central Bank of Sri Lanka issued this consolidated regulatory compilation to mandate compliance standards and operational requirements for Licensed Specialised Banks through 30 November 2013. The framework requires institutions to maintain a ten percent capital adequacy ratio, implement Basel II risk management pillars, and establish branches outside the Western Province to drive regional economic development. Additionally, it enforces strict corporate governance protocols, standardized financial disclosures, and timely regulatory reporting to ensure systemic stability and effective supervisory oversight.
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