European Parliament Library

Sri Lanka :, Financial System Stability Assessment: Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems

Abstract
This paper presents an update to the Financial System Stability Assessment on Sri Lanka. The paper discusses that despite a challenging macroeconomic environment characterized by a high fiscal deficit, inflationary pressures, and a widening current account, near-term risks to the financial system appear manageable. Financial soundness indicators have improved; nonetheless, stress tests suggest that banks remain relatively less resilient to interest rate and liquidity shocks. Moreover, the system faces challenges over the medium term from continued rapid credit growth, rising interest rates, and rigidities in interbank markets
Table Of Contents
Cover; Contents; Glossary; Executive Summary; Main FSAP Update Recommendations; I. Background; II. Financial System Strengths and Vulnerabilities; A. Structure of the Financial System; Figures; 1. Structure of the Financial System (2006); B. Macroeconomic Environment; 2. Credit to the Private Sector-Select Countries; C. Strength and Vulnerabilities of Financial Institutions; 3. Selected Financial Soundness Indicators for LCBs; 4. Credit Growth (2001-2006); Tables; 1. Licensed Commercial Banks-Key Indicators by Banking Group (2006); III. Risk Mitigation in the Financial System
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613735935

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