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- W2550449244 abstract "Sri Lankan banks are regulated by the Central Bank of Sri Lanka (CBSL). The CBSL is responsible for regulating and supervising banks, finance companies and primary dealers to promote the safety and soundness of the banking and financial system and to safeguard the interests of depositors and investors. There are two legal acts by which this function is governed, viz Banking Act and the Monetary Law Act. The CBSL is the licensing authority for banks in Sri Lanka and issues banking licences for two categories of banks as follows; · Licensed Commercial Banks (“LCBs”) · Licensed Specialized Banks (“LSBs”) This article seeks to achieve the following objectives; · Distinguish between the prevailing differences between LCBS and LSBS based on the permitted regulatory framework within Sri Lanka · The anomalies created in the industry as a result of the different licensing requirements · Regional experience in the same sphere · A possible unitary framework within which different levels of activities are permitted Functions and salient regulatory obligations of LCBs 1. Accepting demand, savings and fixed deposits in Sri Lankan rupees and permitted foreign currencies" @default.
- W2550449244 created "2016-11-30" @default.
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- W2550449244 date "2006-01-01" @default.
- W2550449244 modified "2023-09-27" @default.
- W2550449244 title "DIFFERENT BANKING LICENCES IN SRILANKA AND THEIR IMPACT ON THE BANKING INDUSTRY" @default.
- W2550449244 hasPublicationYear "2006" @default.
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