Home / Financial Services/ Royal Monetary Authority of Bhutan visits Sri Lanka for mutual knowledge share

Royal Monetary Authority of Bhutan visits Sri Lanka for mutual knowledge share


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 5 February 2019 00:55

Facebook

From left: Varuna Mallikarachchi (CBSL), Oko Tshering (RMAB), Mihindu Rajaratne (LFSBL), Gayal Rupasinghe (CBSL), Tempa Rabgay (RMAB), Kezang Yuden (RMAB) and Prabodha Agalawatte (CBSL)

A delegation from the Royal Monetary Authority of Bhutan (Central Bank of Bhutan) visited Lanka Financial Services Bureau Ltd. (LFSBL) in December 2018 for a ‘knowledge sharing’ session organised by the Payments and Settlements Department of the Central Bank of Sri Lanka (CBSL).  

Central Bank of Sri Lanka Director, Payments and Settlements D. Kumaratunge

The interactive sessions were jointly conducted by the LFSBL and CBSL in order to provide a comprehensive understanding of the operations of SWIFT (Society for Worldwide Interbank Financial Telecommunication) and greater emphasis on the updated Cyber Security standards and protocols observed by the Central Bank of Sri Lanka.

Knowledge sharing sessions between the two parties focused on a range of topics including SWIFT system and Security features, responsibility of SWIFT Security Officers, Web based applications, flow of SWIFT messages, Relationship Management Application, Controls, Protocols to Mitigate Cyber Threats, Business Continuity Planning and Disaster Recovery planning and Established Resilience Measures.

The SWIFT Shared Infrastructure of Sri Lanka which is certified by the Shared Infrastructure Program (SIP) of SWIFT in SIPv1 and v2 standards and LFSBL is currently in progression to obtain the v3 standard which will, once again reiterate Sri Lanka’s regional status of being in the forefront in setting the regional standards in payments and settlements systems, regulatory and security in the SAARC region.

Central Bank of Sri Lanka Director, Payments and Settlements D. Kumaratunge emphasised the significance of the delegation’s visit as strengthening relations with the Central Bank of Bhutan and viewed it as an opportunity to share knowledge and best practices of Central Bank of Sri Lanka in the space of modernising national payment systems.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Why are Sri Lankan passports so bad?

Wednesday, 24 July 2019

My children have two different passports, making them a sort of case study in the stupidity and ultimate cruelty of passports. My daughter has a white passport, so no visas required. My son has a brown passport and he has to prove that he’s not try


Concept of Free Zones and their economic importance

Wednesday, 24 July 2019

With the growth of cross broader international trade, economic liberalisation and relocation of manufacturing facilities to economical location in search of competitive advantages, the concept of Free Zones was born. Free Zones include varieties of F


Howard at the PIM

Wednesday, 24 July 2019

A number of very important people called to thank me for inviting them to the very popular presentation by Dr. Howard Nicholas. It was held on 18 July at the Postgraduate Institute of Management (PIM) auditorium. The title of the presentation was ‘


“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


Columnists More