Regulatory Alerts2025-09-17 | Banking Act Direction No. 04 of 2025Recovery Plans for Licensed Banks
The Central Bank of Sri Lanka has issued updated Banking Act Directions establishing comprehensive recovery plans for licensed commercial and specialised banks. Effective 17 September 2025, this directive revokes the previous Directions No. 09 of 2021 to align recovery planning requirements under the Banking (Special Provisions) Act. Licensed financial institutions must now implement the revised framework to ensure operational resilience and facilitate timely resolution of financial distress.
Share