Financial Sector Assessment : Sri Lanka

This Financial Sector Assessment (FSA) is based on the work of the joint World Bank and IMF Financial Sector Assessment Program (FSAP) update team that visited Sri Lanka between June 20 and July 3, 2007. The principal objectives of the FSAP Update were to: (i) assess developments in the financial sector and progress in strengthening financial sector regulation since 2002; and (ii) identify measures that would contribute to consolidation of financial stability and to further development of the financial sector over the next five years. This report describes the main findings of the 2007 FSAP update addressing bank and non bank financial institutions, state bank restructuring, pension funds, insurance, capital markets, supervisory framework, access to finance, and legal and judicial reforms. This report summarizes the recommendations for sustaining financial development.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	2008-01
Subjects:	ACCOUNTING, ACCOUNTING STANDARDS, ADB, AFFILIATES, ASSET PRICES, ASSET QUALITY, AUDITING, AUTONOMY, BANK BORROWINGS, BANK DEBT, BANK FAILURE, BANK RESTRUCTURING, BANKING LEGISLATION, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BENCHMARK YIELD, BENCHMARK YIELD CURVE, BOND ISSUANCE, BORROWER, CAPITAL ADEQUACY, CAPITAL BASE, CAPITAL MARKETS, CASH MANAGEMENT, CENTRAL BANK, CENTRAL DEPOSITORY, CENTRAL DEPOSITORY SYSTEM, COLLATERAL, COLLATERAL REQUIREMENTS, COLLECTIVE INVESTMENT, COMMERCIAL BANKS, COMPETITIVE AUCTIONS, CONSOLIDATED SUPERVISION, CONSOLIDATION, CORPORATE BONDS, CORPORATE DEBT, COST STRUCTURES, CREDIT EXPANSION, CREDIT INFORMATION, CREDIT INFORMATION BUREAU, CREDIT RISK, CREDIT RISK MANAGEMENT, CREDIT SCORING, DEBENTURES, DEBT, DEBT FORGIVENESS, DEBT INSTRUMENTS, DEBT MARKET, DEBT MARKET DEVELOPMENT, DEBT RECOVERY, DEFAULTS, DEMAND DEPOSITS, DEPOSIT, DEPOSITS, DISCLOSURE REQUIREMENTS, DIVESTMENT, DOMESTIC REGULATORS, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, EMPLOYEE BENEFIT, EQUITIES, EXCHANGE COMMISSION, EXPOSURE, EXTERNAL AUDITORS, FINANCE COMPANIES, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTIONS, FINANCIAL PERFORMANCE, FINANCIAL RESTRUCTURING, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL SYSTEM STABILITY, FISCAL DEFICITS, FOREIGN BANKS, FOREIGN COMPANIES, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN INVESTORS, FRAUDS, FUND MANAGEMENT, FUND MANAGERS, GLOBAL STANDARDS, GOVERNMENT BONDS, GOVERNMENT DEBT, GOVERNMENT DEFICITS, GOVERNMENT FUNDING, GOVERNMENT SECURITIES, GOVERNMENT SECURITIES MARKETS, HOLDING, HOLDINGS, HOUSING, HOUSING LOAN, HOUSING LOANS, HUMAN RESOURCES, INCOME, INFLATION, INFORMATION SHARING, INFRASTRUCTURE DEVELOPMENT, INSTITUTIONAL FUNDS, INSURANCE, INSURANCE COMPANIES, INSURANCE COMPANY, INSURANCE CORPORATION, INSURANCE PREMIUMS, INSURER, INSURERS, INTERBANK MARKETS, INTEREST RATE, INTEREST RATES, INTERNAL AUDIT, INVESTMENT CLIMATE, INVESTMENT PORTFOLIO, INVESTMENT PORTFOLIOS, INVESTOR BASE, INVESTOR DEMAND, ISSUANCE, ISSUANCES, JUDICIAL REFORMS, LAWS, LEGAL AUTHORITY, LEGAL FRAMEWORK, LEGAL IMPEDIMENTS, LEGAL REFORMS, LEGISLATION, LIQUID BENCHMARK, LIQUIDATION, LIQUIDITY, LIQUIDITY MANAGEMENT, LOAN, LOAN PORTFOLIOS, LONG-TERM GOVERNMENT SECURITIES, LONG-TERM INVESTMENT, MARK-TO-MARKET, MARKET DISCIPLINE, MARKET EFFICIENCY, MARKET PARTICIPANTS, MARKET RISK, MARKET SHARE, MARKET VALUATION, MICRO ENTERPRISES, MICRO FINANCE, MICRO FINANCE INSTITUTIONS, MICROFINANCE, MICROFINANCE INSTITUTIONS, MICROFINANCE SECTOR, MINIMUM CAPITAL REQUIREMENTS, MONETARY POLICY, MONEY LAUNDERING, MORAL HAZARD, NATIONAL DEVELOPMENT, NATIONAL SAVINGS, NONBANK FINANCIAL INSTITUTIONS, NONPERFORMING LOANS, OFFSITE SUPERVISION, OWNERSHIP RIGHTS, PAYMENTS SYSTEMS, PENSION, PENSION FUND, PENSION FUNDS, PENSION REFORM, PENSIONS, PORTFOLIO DIVERSIFICATION, PRIMARY DEALERS, PRIMARY MARKET, PRIVATE BANK, PRIVATE COMMERCIAL BANKS, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PROFITABILITY, PROVIDENT FUND, PROVIDENT FUNDS, PRUDENTIAL REGULATION, PRUDENTIAL REGULATIONS, PUBLIC-PRIVATE PARTNERSHIPS, RATING AGENCIES, REAL TIME GROSS SETTLEMENT, RECAPITALIZATION, REFORM PROGRAM, REGULATOR, REGULATORY FRAMEWORK, REPUTATION, RESERVE, RESERVE REQUIREMENTS, RETAIL INVESTORS, RETIREMENT, RETURN, RETURN ON ASSETS, RETURNS, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, RISK WEIGHTS, SAFETY NET, SAVINGS BANK, SECONDARY MARKET, SECONDARY MARKET LIQUIDITY, SECURITIES, SECURITIES MARKET, SECURITIES MARKETS, SETTLEMENT, SETTLEMENT SYSTEM, SETTLEMENT SYSTEMS, SOLVENCY, SPECIALIZED BANKS, STATE BANK, STATE BANKS, STOCK EXCHANGE, STOCK EXCHANGE LISTING, SUBSIDIARIES, SUPERVISORY FRAMEWORK, T-BOND, T-BONDS, TAX, TERRORISM, TIME DEPOSITS, TRANSACTION, TRANSPARENCY, TRUST FUND, VALUATION,
Online Access:	http://documents.worldbank.org/curated/en/2008/01/8982023/sri-lanka-financial-sector-assessment-sri-lanka-financial-sector-assessment https://hdl.handle.net/10986/6271
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