Banking Secrecy

Kris Canekeratne at LBR LBO Tech Conference

Dec 13, 2012 (LBO) – A rights activist who was a chief executive of a top financial firm has questioned what action Sri Lanka’s banks will take following an apparent breaching of banking secrecy involving accounts of the island’s chief justice. The full letter is produced below:

10th December 2012

Open Letter to;

Anil Amarasuriya Esq.

Vice-Chairman,

Sri Lanka Banks’ Association (Guarantee) Ltd.

69, Janadhipathi Mawatha,

Colombo 1.

Dear Sir,

Beware You May Be Impeached By Your Members, Clients, Shareholders and Stakeholders!

I write this note to you as a client and a shareholder of several commercial banks, who are members of your Association, a collective with a proud heritage and high recognition both in Sri Lanka and overseas. I have been a director of two of the commercial banks, who are members of your Association. I have in addition been closely associated with committees engaged in banking and finance sector reforms and the development of codes of best practice and good governance for the banking sector.

As a client and a shareholder of commercial banks, I have a continuing interest in the public image, stability and growth of such banks, as well as in ensuring that these b