Impacts of the debt moratorium

Monday, 17 August 2020 00:03 - - {{hitsCtrl.values.hits}}

CIMA Sri Lanka in association with the Continuous Professional Development committee of the Association of Professional Bankers (APB), The Finance Houses Association (FHA) and CA Sri Lanka has organised an event on the debt moratorium and the effects of IFRS 9 for Sri Lankan banking and finance professionals.

As part of its COVID-19 relief package, the Central Bank of Sri Lanka has offered moratoriums and low-interest working capital loan relief packages to help businesses, SMEs and the economy to recover from the pandemic.

A stellar panel of industry experts will join this session today, 17 August, at 4 p.m. via Zoom, as they share about the impact of these initiatives in view of IFRS-9.

Manil Jayesinghe, FCMA, CGMA, President – CA Sri Lanka and Partner, Ernst & Young will deliver the keynote on ‘How to quantify the impact to banks due to COVID-19, the impairment provision with IFRS 9’.

Panellists include, Aruna Fernando, President APB/CRO, Seylan Bank PLC, Damith Pallewatte, ACMA, CGMA, Deputy General Manager – Wholesale Banking Group, Hatton National Bank PLC, Dimantha Seneviratne, Director/Group CEO, National Development Bank PLC, Ranjani Joseph, ACMA, CGMA, Partner – Head of Banking Services and Markets, KPMG Sri Lanka, Ruwan Wanniarachchi, Head of Finance, Siyapatha Finance PLC, Sujeewa Rajapakse, Chairman, Peoples Bank/Managing Partner, BDO and Yvette Fernando, Assistant Governor, Central Bank of Sri Lanka. The session will be moderated by Daily FT Founding Editor/CEO Nisthar Cassim.

For more details on joining this webinar, please contact Kishnika Weeresinghe at [email protected].