As enacted

Contents

Central Bank of Sri Lanka Act 2023 · As enacted · Part X · Macroprudential Authority

70. Financial Stability Review

Official English translation. The Sinhala text prevails.

(1)

The Central Bank shall prepare and publish an assessment of the stability of the financial system (in this

Act referred to as the “Financial Stability Review”) on or before the thirty-first day in the month of October of each year.

(2)

The Financial Stability Review shall include -

(a)

the Central Bank’s assessment of financial system stability;

(b)

the identification of, and assessment of, the risks and vulnerabilities of the financial system;

(c)

an overview of measures taken by the Central Bank and the other financial sector authorities to identify and manage risks, vulnerabilities or disturbances in the financial system; and

(d)

an overview of recommendations made by the

Financial System Oversight Committee during the period under review and the progress made in implementing the recommendations.

Part XI

Financial System Oversight Committee

Read on from Part XI

Part XII

Information Exchange with Financial Sector Authorities

Read on from Part XII

Part XIII

Statistics and Information

Read on from Part XIII

Part XIV

Relationship with the Parliament, the Government and the Public

Read on from Part XIV

Part XV

Credit Operations

Read on from Part XV

Part XVI

Financial Provisions

Read on from Part XVI

Part XVII

Internal and External Audits

Read on from Part XVII

Part XVIII

General Provisions

Read on from Part XVIII

Part XIX

Repeals and Savings

Read on from Part XIX