Kenneth de Zilwa heads CB’s Financial System Stability Consultative Committee

Tuesday, 7 July 2020 00:38 - - {{hitsCtrl.values.hits}}

Economist Dr. Kenneth de Zilwa has been appointed as the Chairman of the Financial System Stability Consultative Committee (FSSCC) of the Central Bank.

The appointment from July 2020 has been along with the reconstitution of the FSSCC which consists of eminent persons with experience and expertise in financial sector issues, who are able to provide views and advice to the Central Bank to assist in its formulation of policies on financial system stability and financial sector development

The secretariat function of the FSSCC is conducted by the Macro-prudential Surveillance Department (MSD) of the Central Bank of Sri Lanka.

Apart from De Zilwa, who is a Senior Consultant at China Harbour Engineering Co Ltd. (CHEC), the other members of the reconstituted FSSCC are Damayanthi Fernando – Director General, Insurance Regulatory Commission of Sri Lanka; C.N.S.N. Anthony – Director/General Manager, Credit Information Bureau; E. Ravi de Silva – Secretary General, Sri Lanka Banks’ Association (Guarantee) Ltd.; Dumith Fernando – Chairman, Colombo Stock Exchange; Viraj Dayaratna – Chairman, Securities and Exchange Commission of Sri Lanka; Sanjeewa Bandaranayake – Senior Deputy General Manager/Operations, People’s Leasing; Rihaan Shakoor – President, Sri Lanka Forex Association; and Roshan Abeygoonawardena – Chairman, Finance House Association.

The FSSCC is tasked to review developments in the financial sector, in particular with regard to financial system stability; provide market/stakeholder based views on emerging trends and issues in the financial sector; make suggestions to further develop financial markets and systems and make suggestions and provide advice on risk mitigation measures relating to financial system stability.