Sri Lanka

Displaying 31 - 36 of 451

 

How has domestic volatility impacted capital flows, and how can market players mitigate this risk?

 

Sri Lanka’s banking sector is currently implementing major changes in the way business is done, due mainly to the rollout of Basel III and International Financial Reporting Standard 9 (IFRS 9) regulations. Stricter capital requirements are pushing non-bank financial institutions (NBFIs) to consolidate, while a host of new rules are being...

 

Major changes are on the horizon in the Sri Lankan insurance industry, with much of the groundwork laid for future growth in recent years. A government focus on regulatory improvements, the modernisation of processes, market consolidation and further investment in human resources point to continued opportunities for expansion in the sector....

 

Ahead of a $1bn sovereign bond maturing in January 2019, Sri Lanka went through a major political crisis during the fourth quarter of 2018, which led to an extensive legal battle. Despite economic data indicating no serious threat to inflation and private sector credit, the heavy liquidity shortage in the market and the uncertain political...

 

In the three decades before the 2007-08 global financial crisis, the world’s financial networks became increasingly interconnected. Financial system regulatory convergence, the growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital flows.

 

On October 26, 2018 President Maithripala Sirisena rescinded the mandate of Prime Minister Ranil Wickremesinghe to lead the government. Although the Prime Minister Wickremesinghe was reinstated on December 16, the constitutional crisis weakened business sentiment and impacted already slowing growth. The economy grew by 3.3% year-on-year (y-o-y...

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