RFCs must manage risks
Governor says supervision prompted corrective
action:
The finance sector especially the non banking
sector has to reposition itself by avoiding its past lapses in
corporate governance and lack of risk management, Central Bank
Governor Ajith Nivard Cabraal said.
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Cotton yarn to come under amended FTA soon
India, Lanka to discuss formalities:
The Indian Government and the Sri Lankan
Government will renew the Free Trade Agreement (FTA). The Ministry
is planning to include the import of yarn in the FTA. The Industries
and Commerce Ministry has already informed industrialists to send
written requests to be produced during discussions.
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‘Regulatory reforms needed to avert financial crises’
Global regulatory reforms are required to
prevent future financial crises, Central Bank Assistant Governor P
Samarasiri said. Speaking at the Directors Symposium held on Monday,
he said the loss of confidence in all assets markets and the adverse
impact on commodities markets were the results of the crisis.
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