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srilawsby aturio
As enacted
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Part IV · Financial Sector Crisis Management Committee

58. Financial Sector Crisis Management Committee

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

There shall be established a committee called the

Financial Sector Crisis Management Committee for the purpose of effectively managing and minimizing the impact of financial crises which are systemic in nature.

(2)

The Financial Sector Crisis Management Committee shall consist of the following members: -

(a)

the Governor of the Central Bank, who shall be the

Chairperson of the Financial Sector Crisis

Management Committee;

(b)

the Secretary to the Treasury who shall be the

Deputy Chairperson of the Financial Sector Crisis

Management Committee;

(c)

an appointed member of the Governing Board of the Central Bank with expertise on financial sector;

(d)

the Deputy Governor of the Central Bank in charge of financial system stability; and

(e)

the Deputy Secretary to the Treasury in charge of fiscal operations.

Read on from s 59

Part V

Winding Up of Licensed Bank

Read on from Part V

Schedules