The Central Bank of Sri Lanka (CBSL) has released its annual Financial Stability Review (FSR) for 2024 as mandated by Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023. This critical report provides a comprehensive assessment of the nation’s financial system, identifying key risks and vulnerabilities while also highlighting the policy measures taken to safeguard financial stability.
Key Highlights:
- Assessment of Financial Stability:
The report delivers an in-depth analysis of the overall stability of Sri Lanka’s financial system, identifying potential risks and outlining vulnerabilities. - Evaluation of Risks and Policy Measures:
The FSR evaluates various risks faced by the financial sector and provides a summary of the policy measures implemented by the Central Bank and other regulatory bodies to mitigate these risks. - Data Coverage and Updates:
Although the report primarily covers data up to June 2024, it also includes updates on more recent developments in Sri Lanka’s financial sector. - Access to the Publication:
The electronic version of the 2024 Financial Stability Review is available for public access on the Central Bank’s website, allowing stakeholders to stay informed about the financial landscape.
Conclusion:
The 2024 Financial Stability Review provides essential insights into the health and resilience of Sri Lanka’s financial system. By addressing risks and outlining the policies in place, the CBSL aims to maintain confidence and stability within the economy.
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Central Bank of Sri Lanka (CBSL)
Last modified: October 13, 2024
