CBSL modernizes Dealing Room

It has been decided to enhance the operations of the International Operations Department by expanding the scope and the extent of the foreign exchange reserve management activities and enhance the return of the reserves portfolio, Central Bank of Sri Lanka (CBSL) said.

This is in view of the significant increase in the foreign exchange reserves managed by the bank.

This will entail the modernization of the Dealing room including changes to existing physical infrastructure, installation of latest electronic and IT facilities along with a risk monitoring system to cater to Front, Middle and Back Office solutions, changes to the investment strategies, enhanced investment horizons and multiple shift working arrangements with more dealers.

Invitation for Bids has already been called to procure a new Treasury Management System to monitor and record financial transactions to facilitate the above modernization process.