Tuesday, 21 October 2014 - 12:25
Sri Lanka to establish a regulatory council to monitor issues in finance sector
Cabinet had given approval to establish an Inter Regulatory Institutions Council with a view of identifying issues that require collective action by financial sector regulators.
Establishment of the council plans to promote financial system stability and the development of the financial sector.
Financial institutions include licensed banks, licensed finance companies and leasing companies, money brokers, primary dealers, insurance companies, insurance brokers, insurance agents, loss adjusters, institutional agents, stock exchanges and stock brokers.