Tag: CBSL intends to cut ownership limits of LFCs to 25-pct; invites stakeholder inputs

central bank of sri lanka

CBSL intends to cut ownership limits of LFCs to 25-pct; invites stakeholder inputs

May 22, 2019 (LBO) – Sri Lanka’s Central Bank invites stakeholders to submit observations on the drafted master plan that intends to introduce ownership limits to the Licensed Finance Companies (LFCs). The Department of Supervision of Non-Bank Financial Institutions (DSNBFI) is in the process of introducing ownership limits for LFCs to strengthen the corporate governance […]