Regulatory Alerts2014-06-26 | Banking Act Directions No. 4 of 2014Amendment to Directions on Integrated Risk Management Framework for Licensed Banks
The Monetary Board of the Central Bank of Sri Lanka issued Direction 4 of 2014 to amend the Integrated Risk Management Framework Guidelines for licensed banks. The directive mandates all licensed banks to implement the Baseline Security Standard for Information Security Management by 1 July 2015. Each institution must tailor the standard to its size, business activities, and operational complexity while ensuring Board of Directors oversight for compliance.
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