Central Bank of Sri Lanka – Corporate Information

The Central Bank of Sri Lanka (CBSL) is the leading monetary authority of this south Asian country. The bank was set up 2 years after Sri Lanka�s independence by the founder governor John Exeter. The CBSL is a part of the Asian Clearing Union.

Central Bank of Sri Lanka – Divisions:
The various divisions of the CBSL can be categorized into several Groups � Economic and Price Stability Group, Financial System Stability Group, Currency Issue and Management Group, Agency Services Group, Human Resources Development and Management Group, Corporate Services Group, and Policy Review and Monitoring Group.

The divisions of the bank are given below:

  • Domestic Operations
  • Centre for Banking Studies
  • Economic Research
  • Human Resources
  • International Operations
  • Welfare
  • Statistics
  • Communications
  • Bank Supervision
  • Governor�s Secretariat (GSD)
  • Financial System Stability
  • FINANCE
  • Payments and Settlements
  • Information Technology
  • Supervision of Non-Banking Financial Institutions
  • Premises
  • Financial Intelligence Unit
  • Provincial Offices Monitoring Department (POMD)
  • Currency
  • Secretariat
  • Employees� Provident Fund
  • Security Services
  • Exchange Control
  • Policy Review and Monitoring
  • Public Debt
  • Management Audit
  • Regional Development

Financial Institutions managed by CBSL:
The Central Bank of Sri Lanka manages the operations of the following financial entities:

  • Deposit Taking Institutions � Licensed Commercial Banks, RegisteredFINANCE Companies, and Licensed Specialized Banks
  • Primary Dealers and Specialized Leasing Companies

The following financial organizations are not under CBSL�s regulations:

  • Deposit Taking Institutions � Thrift and Credit Co-operative Societies and Rural Banks
  • Stock Broking Companies, Credit Rating Agencies, Unit Trusts/Unit Trust Management Companies, Venture Capital Companies, and Market Intermediaries
  • Contractual Savings Institutions � Employees� Provident Fund, Public Service Provident Fund, Employees� Trust Fund, Insurance Companies, and Approved Private Provident Funds

Central Bank of Sri Lanka – Financial System:
The different financial indicators of the CBSL can be categorized into the following:

  • Capital Adequacy Ratio � Tier I Capital Ratio
  • Return on Assets
  • Capital Adequacy Ratio � Total Capital Ratio
  • Return on Equity
  • Gross NPA
  • Liquidity Ratio
  • Net NPA
  • Net Open Position (NOP)
  • Sector Credit Distribution

Following are the Regulatory Authorities of the CBSL:

  • Monetary Law Act No.58 of 1949, the Banking Act No.30 of 1988 and the Exchange Control Act No. 24 of 1953
  • FINANCELeasing Act No.56 of 2000
  • FINANCECompanies Act No.78 of 1988
  • Local Treasury Bills Ordinance No.8 of 1923 and the Registered Stocks and Securities Ordinance No.7 of 1937
  • Insurance Board of Sri Lanka
  • Securities and Exchange Commission

The different financial instruments managed by the CBSL are given below:

  • Deposits
  • Corporate Bonds and Debentures
  • Loans
  • Asset-backed Securities
  • Treasury Bills and Bonds
  • Financial leases
  • Repurchase Agreements
  • Shares
  • Commercial Papers
  • Financial derivatives

The principal systems for clearing and settling payments in Sri Lanka are listed below:

  • Cheque Imaging and Truncation System (CIT) -operated by Lanka Clear Ltd
  • Lanka Settle, made up of the Real Time Gross Settlement System (RTGS) and the Scripless Securities Settlement Systems (LankaSecure) – operated by the Central Bank of Sri Lanka
  • Sri Lanka Inter-Bank Payment System (SLIPS) – operated by Lanka Clear Ltd

Central Bank of Sri Lanka – Laws:
The laws enforced by the CBSL may be categorized as below:

  • Legislative enactments
  • Licensing Registration, Appointment and Authorisation Procedures
  • Regulations, Directions, Rules, Guidelines, Circulars and Operating Instructions

Its legislative enactments can be classified as the following Acts:

  • Monetary Law Act
  • FINANCECompanies Act
  • Local Treasury Bills Ordinance
  • FINANCELeasing Act
  • Registered Stocks and Securities Ordinance
  • Payment and Settlement Systems Act
  • Exchange Control Act
  • Financial Transactions Reporting Act
  • Banking Act

Central Bank of Sri Lanka – Publications:
The publications brought out regularly by the CBSL can be categorized as below:

  • Economic and financial reports
  • Public awareness leaflets and booklets
  • Statistics
  • Sales information
  • Research studies
  • Price lists
  • Periodicals

Central Bank of Sri Lanka – Educational Initiatives:
The various educational initiatives taken by the CBSL are mentioned below:

  • The Centre for Banking Studies
  • Articles by officers
  • The Public Lecture Series
  • Seminars
  • Awareness Programs
  • Workshops
  • The Currency Museum
  • Conferences
  • Educational Videos
  • Evening presentations

 

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Last Updated on : 30th July 2013