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As enacted
Contents

Part X · Macroprudential Authority

65. Monitoring, analysis and assessment of risks

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

(1)

The Central Bank shall monitor, analyse, and assess –

(a)

vulnerabilities of the financial sector, including the risks arising from the developments in the financial sector;

(b)

risks to the financial system, including those arising from financial developments in the household and non-financial corporate sectors;

(c)

risks to the financial system arising from the broader economic context, in or outside Sri Lanka; and

(d)

any risk to the financial system stability, the nature and extent of such risk, including any risk contemplated in any matter raised by members of the Financial System Oversight Committee or reported by a financial sector authority in terms of this Act or communicated by a public authority.

(2)

The Central Bank shall determine the methodology and indicators to be used in the assessment of systemic risks, at an early stage.

Part XI

Financial System Oversight Committee

Part XII

Information Exchange with Financial Sector Authorities

Part XIII

Statistics and Information

Part XIV

Relationship with the Parliament, the Government and the Public

Part XV

Credit Operations

Part XVI

Financial Provisions

Part XVII

Internal and External Audits

Part XVIII

General Provisions

Part XIX

Repeals and Savings